VIT, AIA, HBC, PLC announce 2014 business results

Viglacera Tien Son (VIT) announced its business plan for the third quarter of 2014 with net revenue was VND 175.4 billion and net profit of VND 10billion. In the first 6 months of 2014, accumulative revenue reached VND 276.5billion, over 8.6 percent of its plan; net profit of VND 10.1billion, over 32.5 percent of its target.

Hoa Binh Real Estates Trading & Construction Corp (HBC) announced to win two contracts for building 25 floor buildings located in 102 Truong Chinh (Ha Noi) worth VND 170billion and Tunel route of Formosa Ha Tinh of VND 85 billion.

Petrolimex Oil Chemistry Corp (PLC) announced its first six month’s business result with revenue reached VND 3,278billion; an increase of 9 percent, compared to the same period last year; gross profit of VND 105.5billion, decrease 3 percent compared to the same period last year but almost fulfilling 60 percent of its target for 2014. Short-term loan debt was over VND 1trillion.

AIA Insurance Vietnam said that the first six month of 2014, the value of new business (VONB) of AIA Vietnam increased 129 percent and annualized new premium (ANP) was up 40 percent, compared to the same period last year. AIA Group at the same time announced its first half 2014’s revenue also was higher than that in 2013 with VONB increased 23 percent, reached US$ 792million; ANP was up 11 percent, reached US$ 1.69billion; gross profit also increased 15 percent at US$ 1.45billion.

Source: ĐTTC –Translated by Thanh Tran

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