Tuesday, November 12 2019

VietNamNews

Hải Phòng Thermal Power sees revenue up 32 per cent in Q3

Update: October, 16/2019 - 16:02

 

 

For the first nine months, the company's revenue climbed by 15 per cent to VNĐ8 trillion. Profit touched VNĐ607 billion, up 238 per cent compared to the same period last year.  — Photo vietnamfinance.vn

HÀ NỘI — Hải Phòng Thermal Power SJC (HND) saw net revenue rise by 32 per cent in the third quarter of this year, reaching VNĐ2.3 trillion (US$99.4 million).

During the period, financial expense decreased by 72 per cent to VNĐ75 billion while management expense increased by 12 per cent.

As a result, HND enjoyed profit of nearly VNĐ93 billion, it suffered a loss of VNĐ148 billion in the same period last year.

The company attributed the sharp increase in revenue to the rise in electricity output, up by 448 million kWh compared to the third quarter of 2018.

For the first nine months, revenue climbed by 15 per cent to VNĐ8 trillion. Profit touched VNĐ607 billion, up 238 per cent compared to the same period last year. Earnings per share (EPS) was VNĐ1,215.

HND is targeted to earn VNĐ10.2 trillion in revenue and pre-tax profit of VNĐ359 billion in 2019. Therefore, the company has achieved 79 per cent of revenue plan and exceeded 78 per cent profit plan.

As of the end of September, HND had total assets of more than VNĐ12.6 trillion, down VNĐ1.16 trillion compared to the beginning of the year.

Short-term debt remained at about VNĐ1.87 trillion. Long-term debt decreased by VNĐ1.35 trillion to VNĐ4 trillion.

On the market, HND closed Tuesday at VNĐ15,100 per share, up 62 per cent since the beginning of 2019. — VNS

  • Tags:

Send Us Your Comments:

See also: