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HAI Agrochem expects to see $1.5m in profit by June

Update: March, 10/2015 - 08:50

HA NOI  (VNS) — HAI Agrochem Joint Stock Company is expected to achieve a profit of VND33 billion (US$1.5 million) in the first half of the year, double that of the previous financial year.

The company said it would have a turnover of VND700 billion ($32.7 million) in the period. In the first quarter of the year, it had a profit of VND10 billion ($467,000), which was mainly from restructuring its financial investment and other assets.

This year, it will focus on overall restructuring by increasing charter capital to expand operation in high profit sectors and developing products and services in the agriculture industry. HAI's management board approved the plan to sell 15 million shares at VND12,500 each. — VNS

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