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The Hanoi Railway Transport JSC (HRT) earned 469 billion VND (20.5 million USD) in the fourth quarter of 2020, down 21 percent year-on-year. Cost of goods sold accounts for most of net revenue, thus gross profit totaled only over 8 billion VND, down sharply compared to 42 billion VND in the same period of 2019. After deducting expenses, the after-tax loss in Q4 was estimated at nearly 55 billion VND, while in the same period last year its loss was just more than 12.5 billion VND. In 2020, HRT achieved revenue of 1.94 trillion VND, down 24 percent year-on-year. It suffered a loss of 195 billion VND in the year while enjoying profit of 14 billion VND in 2019.

Han iRepublic ofHoang thuyMatthew powellSecurities corporationSavills hanoi matthew powellNorthern europeanVietnamese commercial counsellorSweden nguyen thi hoangRailway companiesLarge lossesCovid 19 pandemicHanoi railway transport jscNet revenueSaigon railway transport jscVietnam news agency