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Dong Phu Rubber posts $2m profit

Update: February, 16/2012 - 10:44

HCM CITY — The Dong Phu Rubber Co (DPR) reported earning revenues of VND121 billion (US$5.8 million) and net profits of nearly VND4.1 billion ($2 million) in January this year.

Results indicated a decline of 49 per cent in revenues and 65 per cent in profits year-on-year, respectively.

The company harvested nearly 1,400 tonnes of rubber latex last month, down 31.6 per cent year-on-year. Sales volume also declined 35.2 per cent to just 1,711 tonnes at an average price of VND69 million ($3,300) per tonne.

This year, DPR has targeted earning revenues of nearly VND1.52 trillion ($72.3 million) and pre-tax profits of VND527 billion ($25 million).-VNS

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