Vinacomin Posts US$800Mln Revenues in Jan-May

Vietnam Coal and Mineral Group (Vinacomin), the country’s top mining company, obtained revenues of VND12.81 trillion (US$800.81 million) in the first five months this year, up 20.9 per cent on-year, fulfilling 40 per cent of the year’s target, state media reports.

 

Of the total volume, roughly VND8.7 trillion came from coal sales, up 21.9 per cent on-year, representing 42.6 per cent of year’s target; VND518 billion from mineral sales, an on-year rise of 6.5 per cent; VND239 billion from electricity; and nearly VND2.4 trillion from trade and service activities.

 

The group estimated its profits of over VND1 trillion ($63.38 million) in the period, representing 43.5 per cent of its yearly goal.

 

In the five-month span, Vinacomin’s clean coal output reached 16.7 million tons, increasing by 8.5 per cent on-year. Of the figure, 10.4 million tons were exported, up 23 per cent on-year, while domestic sales were 6.2 million tons, including 2.32 million tons for electricity plants, 156,900 tons for fertilizer factories, 928,000 tons for cement and 74,200 tons for paper industry. (Vietnam Economic Times)