Update: May, 06/2021 - 08:55 |
Vinaconex s buildings at Láng Hạ Street, Đống Đa District, Hà Nội. Photo www.hanoi-office.com
HÀ NỘI Vietnam Construction And Import-Export JSC (Vinaconex) posted higher profit after tax in the first quarter of 2021 despite losses in revenue.
In its first quarter financial report, the company’s net revenue fell 4.8 per cent over the same period last year to VNĐ951.9 billion.
However, thanks to lower cost of goods sold, which was down 10.7 per cent, its gross profit still rose 44.4 per cent year-on-year to over VNĐ154.02 billion.
During the period, revenue from financial activities also fell by 26.8 per cent against last year to VNĐ496.46 billion, despite a sharp decrease of 41.2 per cent in expenses for financial activities.