Vietnam Rubber Group posts rising revenue and profit in 2020

February, 03/2021 - 07:28
The Vietnam Rubber Industry Group JSC reported VNĐ21.17 trillion (US$915.6 million) in revenue and VNĐ5.23 trillion in post-tax profit in 2020, year-on-year increases of 6.9 per cent and 36.4 per cent, respectively.

 

 HÀ NỘI — The Vietnam Rubber Industry Group JSC reported VNĐ21.17 trillion (US$915.6 million) in revenue and VNĐ5.23 trillion in post-tax profit in 2020, year-on-year increases of 6.9 per cent and 36.4 per cent, respectively.

It had earlier targeted over VNĐ24.64 trillion in revenue and pre-tax profit of more than VNĐ4.9 trillion for 2020.

The company reported consolidated net revenue and post-tax profit in the fourth quarter of more than VNĐ9 trillion and nearly VNĐ3.2 trillion, up 27.1 per cent and 90.1 per cent year-on-year.

As of December 21, it had total assets of over VNĐ79.64 trillion, up 1.4 per cent compared to January 1, 2020. Fixed assets were valued at more than VNĐ30.2 trillion.

It is now stepping up restructuring and rearranging its member companies.

It recently completed its divestment from the Sài Gòn VRG Investment JSC by selling 9.34 million shares valued at some VNĐ1.32 trillion. — VNS

 

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