Posted on 28 Jul 2009
Steel maker fulfils over 500 pct of the year plan in Jan-June (Vietnam)
Vietnam Italy Steel Joint Stock Co (coded VIS) announced to gain accumulative production output of 108,600 tonnes of finished products, bringing in 884.878 billion dong in revenue and 130.096 billion dong in profit. In which, in Q2 only, the company reached profit of about 120 billion dong.
VIS's impressive increase in Q2 profit resulted from the considerable rise of steel price recently.
According to the company's resolution in the annual shareholders meeting previously, the company targeted to achieve 2009 total production and consumption volume of 171,200 tonnes, with investment value of 34.19 billion dong, revenue of 1.622 trillion dong, profit of 25.34 billion dong and expected dividend payment of 12 percent.
