Southern Hydropower Company exceeds revenue target

Southern Hydropower Joint Stock Company (SHP) recently announced its business result of 2012 with revenue reaching VND192.7 billion, exceeding by nearly 40 percent the last year target of VND137.9 billion.

The company saw pre-tax profit of VND95.2 billion, up 124 percent compared to the target for VND42.4 billion.

This year, the Hydropower Company has set a target of VND195.4 billion, with pre-tax profit of VND53.4 billion. In September this year, Da Mbri Hydropower Plant will start test runs and provide an estimated 55 million kWh of electricity.

By B.Minh – Translated by Thuy Doan

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