3 - 5, August 2022, HCMC, Vietnam

Vinaruco (VCG): In the second quarter reached nearly 2 billion dongs of interest, down 64% over the same period.

Vietnam Rubber industrial and development urban Joint Stock Company (UpCOM: VRG) has announced its Q2 revenue and expenditure report and the first 6 months accumulation of 2020.

According to that, Q2 net revenue reached 4.2 billion dongs, up slightly by 5% compared with the same period last year, gross profit reached over 2 billion dongs, similar to 2019 period.

Thanks to the high growth of business results in the first quarter, the 6 months accumulation of net revenue reached VND 12.45 billion, after-tax profit reached more than VND 7 billion, up 85% and 46% respectively compared to the first half of 2019.

In 2020, Vinaruco sets a revenue target of 77.3 billion dongs, after-tax profit of over 32 billion dongs so that by the end of the first half of the year, VRG has only achieved 16% of the revenue target and 22% of the profit after tax target.

Source: cafef.vn

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