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VIETNAM BUSINESS NEWS AUGUST 8

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Targets being tweaked by prepared pharma


Targets being tweaked by prepared pharma
20:53 | 09/06/2021
illustration photo. Source: freepik.com
According to financial statements from Vietnamese pharma titans like DHG Pharmaceutical JSC, Traphaco JSC, and Imexpharm Pharmaceutical JSC (IMP), there were strong rises in both revenues and profit in the first months of 2021.
DHG, the biggest publicly-traded drugmaker, made consolidated revenue of $50 million, up from just over $40 million in the same period last year. Consolidated after-tax profit hit $8.87 million, up 15.24 per cent on-year.
Similarly, Traphaco, the country’s second-largest publicly-traded drugmaker, saw on-year rises of 20.87 per cent and 34.06 per cent in consolidated revenue and consolidated after-tax profit respectively during the period. IMP, Vietnam’s fourth-biggest, witnessed a 23.1 per cent on-year increase in before-tax profit in the first four months, while its net revenue rose 9 per cent. ....

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Vietnam Airlines reports losses of nearly VND5 trillion in Q1


Vietnam Airlines reports losses of nearly VND5 trillion in Q1
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 04/05/2021
  
07:01
GMT+7
Vietnam Airlines incurred after-tax losses of nearly VND5 trillion in the first quarter of this year, surging over 90% year-on-year and the highest-ever losses recorded for a quarter, as the COVID-19 pandemic is emerging increasingly complicated.
The national flag carrier has issued its consolidated financial report for the quarter. Accordingly, its net revenue reached VND7.46 trillion, plunging 60% over the same period last year.
Its accumulated losses were over VND14.2 trillion, exceeding the firm’s charter capital of more than VND8.9 trillion. ....

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