Ending third quarter of new fiscal year, Bien Hoa Sugar JSC (BHS) recognized accumulated profit before tax is ...
Ending third quarter of new fiscal year, Bien Hoa Sugar JSC (BHS) recognized accumulated profit before tax is VND 211 billion, increasing 127% compared with the same period last year – remarkable record in 47 history years of operation.
As we can see, confronting general threaten, BHS brought into play effectively proving it’s efficiency after M&A. Discussing with us, Ms Tran Que Trang, CEO 8X with over 2 years engaging with BHS, she said:
Ending operation in third quarter of new fiscal year, total asset of BHS achieved over VND 5,416 billion, increasing VND 2,986 billion, equal over 122.88% compared with begining this year, net selling and service revenue achieved VND 1,176 billion, increasing 54.94% compared with same period in 2015, accumulated profit before tax achieved VND 211 billion, increasing 127% compared with same period last year. This is the highest profit level of BHS in almost 50 years found and development.
With this good business result, market price of BHS remarked 200% growth rate. Besides, foreigners bought net stock value increasing dramatically within a month show a positive view and expectation of investors about the potential of BHS’s development in the future regardless of sugar industry threat.
Source: Tri Thuc Tre