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Tran Anh Digital reports losses

Update: October, 18/2014 - 09:49
HA NOI (VNS)  — Tran Anh Digital World (TAG) revealed that its losses reached VND8.4 billion (US$396,200) in the third quarter of 2014.

However, its revenues improved by 15 per cent year-on-year to VND553.4 billion ($26.1 million). For the first nine months of 2014, TAG's losses reached VND3.8 billion ($179,200). The company attributed this to an increase in selling, general and administration costs.

This year, Tran Anh plans to earn VND2.4 trillion ($113.2 million) in revenues and VND7.1 billion ($334,900) in profits. However, investors predict that the company will not be able to reach its goals.

Tran Anh said the company planned to add more selling outlets in provinces outside Ha Noi. Its stock remained unchanged yesterday at VND24,400. — VNS

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