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Core business brings profit for property firm

Update: August, 23/2014 - 09:41

BAC NINH (VNS) — Real estate developer Kinh Bac (KBC) has reported a net profit of VND28 billion (US$1.3 million) in the second quarter of this year.

The company explained that it achieved these results by focusing on its core business of building and leasing facilities. Its share price rose by 6.4 per cent to VND11,600 yesterday.

According to KBC, its accumulated profit for the first six months reached VND42 billion ($1.98 million). In contrast, the company recorded a VND71 billion ($3.3 million) loss in the same period last year. — VNS

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