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Vinacomin's revenue hits US$1.67 billion in four months - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin) sold nearly 13.9 million tonnes of coal, earning VNĐ38.61 trillion (US$1.67 billion) in the first four months of 2021.
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Vinacomin completes 26 per cent of annual production plan in Q1 - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Update:
April, 06/2021 - 16:02
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Employees of Vinacomin s Đèo Nai Coal JSC at work. Photo courtesy of Vinacomin
HÀ NỘI - The Việt Nam National Coal and Mineral Industries Group (Vinacomin) had fulfilled 24-26 per cent of its annual production plan by the end of the first quarter despite the adverse impacts of COVID-19.
It produced 9.78 million tonnes of coal during the quarter, with a combined total of 10.3 million tonnes of stockpiled and newly produced coal sold.
The group’s aluminium production topped 355,751 tonnes, while electricity output hit 2.47 billion kWh.
Revenue in the first quarter was estimated at more than VNĐ28.5 trillion (US$1.23 billion), with VNĐ4.8 trillion contributed to the State budget. ....

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Coal companies report rises in revenues but declining profits - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

đồng a year in profit, with some even suffering losses.
Compared to 2010, the profits of coal companies were almost unchanged.
Mông Dương Coal (MDC) had a profit of VNĐ79 billion in 2010 – the highest in the group mentioned above. But by the end of 2020, this enterprise only reported VNĐ27.8 billion in profit.
Cọc Sáu Coal (TC6) witnessed profit fall from VNĐ67 billion in 2010 to only VNĐ5.6 billion in 2020, the lowest level among the group, although its yearly average revenue is much higher than many other businesses in the industry.
The merger between Cao Sơn Coal (TCS) and Tây Nam Đá Mài Coal (TND) also did not help Cao Sơn Coal improve its profit in 2020, hovering at more than VNĐ54 billion. ....

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