Vinatex's Profit Hits VND219.5Bln in H1

Vietnam National Textile and Apparel Group (Vinatex) posted profit of VND219.5 billion (US$13.71 million) in the first half of this year. Return on equity was estimated at 9.17 per cent.

 

Total production value of the group is forecast at VND6,400 billion (US$400 million), up 10.8 per cent on year. Many affiliated companies enjoyed revenue growth over 120 per cent, including Hanoi Garment and Textile Corp, Phu Bai Fibre, Viet Thang Textile and Hung Yen Garment.

 

Total revenue in the six months was VND10,600 billion (US$662.5 million), up 8.4 per cent on year. Export earnings are estimated to reach US$661 million, up 14.9 per cent. Vinatex companies with high export growth included Hanoi Garment and Textile Corp, Viet Tien, Song Tien and Dong Nai.