TDH posts 5.5-time increase in profit

Thu Duc House (TDH) posted its business result for the third quarter of 2017 with high growth rate in net profit and revenue.

Net revenue of the 3rd quarter reached VND 659billion, an increase of 97 percent compared to the same period of last year. After tax-profit hit VND 40.5billion, increasing 5.5 times. By the first nine months of this year, total revenue reached VND 1,4trillion, an increase of 90.1 percent; after-tax profit posted VND 127.7billion, up 83.8 percent.

In 2017, TDH has set the target for revenue at over VND 1,4trillion, after-tax profit of up to VND 130billion, equivalent to growth rate of 18 percent and 20 percent compared to the same period of last year.

BINH MINH-Translated by K.Lien

Other news

Banking-finance

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.

Economy

APEC finance and bank deputies meet in Hoi An

Disaster risk financing and insurance was one of the important topics that finance officials and bank deputies of 21 APEC economies are discussing at a meeting that began in Hoi An City on Friday.
 

Self - introduction