HCM CITY (VNS) — Vietnam Italy Steel Co (VIS) reported that net sales in the third quarter topped VND897 billion (US$42.5 million), a rise of 36 per cent year-on-year, while net profit was nearly VND4 billion ($190,000).
The company implemented new technology, reducing production costs. Its performance improved substantially compared with a loss of VND36 billion ($1.7 million) in the same period of last year.
By the end of September, total sales reached VND2.684 trillion, up 12 per cent year-on-year, and net profits were VND15.8 billion ($749,000), about 78 per cent of the yearly target. — VNS