ANTRACO: First Six-Month Profit of 26,7 Billion VND, Accomplishing 98% of the Year Plan

08/01/2016

According to Antraco’s Q2 2016 financial statements which have recently been disclosed, net revenue from sales of goods and services in Q2 is more than 86,7 billion VND, or almost 25% up from Q1 2016; after-tax profit reaches an all-time high of more than 14 billion VND.

Gross profit from sales of goods and services reaches 33.3 billion VND, or 16.2% more than Q1 2016. Net profit from operating activities is 17.7 billion VND and after-tax profit is 14 billion VND.

Accumulated revenue from sales of goods and services for the first six months of 2016 reaches 156 billion VND, or 38,8% more than the same quarter last year and completes 63% of the business plan for 2016. Particularly, accumulated after-tax profit is 26,7 billion VND, accomplishing nearly 98% of 2016 business plan.
Q2 2016 also records a strong increase in cash inflow of more than 28 billion VND. This increase mainly comes from the impressive growth of proceeds from sales of goods and services and other sales, along with the decrease in business income tax.

With positive business results, Antraco also focuses on promoting financing activities for the local community. According to its 2016 plan, the Company increases this budget of up to more than one billion VND and expects to fund for building rural bridges and establishing an Antraco scholarship program./.