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VietNamNews

Rubber firm breaks VND3 trillion mark

Update: March, 16/2013 - 09:54

DA NANG (VNS)— Da Nang Rubber Co (DRC) – a blue chip on the HCM City Stock Exchange – said it would join the exclusive group of enterprises earning an annual revenue of VND3 trillion (US$142.8 million) this year.

Preparing for the upcoming shareholder meeting, the company announced its expected revenue of VND3.02 trillion, up 8 per cent compared to last year.

Industrial production value is also expected to rise 11 per cent to VND3.16 trillion ($150.4 million), while the company hopes that exports will reach $20 million.

However, expected profit remains similar to last year's figure of VND417 billion ($19.8 million).

The company said both the domestic and world economy face many risks and challenges this year and warned that businesses would not easily overcome their difficulties.-VNS


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