Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Mercedes dealer reports record loss in Q3 as showrooms were closed

Featured Replies

Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz's dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders.

 

2021-09-21T051048Z_2_LYNXMPEH8K03W_RTROPTP_4_DAIMLER-PLACEMENT.thumb.JPG.f4e5f384ed22da0951b03cfa9ac0e3f9.JPG

 

Revenue in Q3 was VND700 billion, down 59 percent compared to the same period last year according to VN Express.

 

Social distancing measures applied in Hanoi, Ho Chi Minh City and other localities in this quarter have seriously affected Haxaco and the automobile industry. The company’s two branches in HCMC had to temporarily close in Q3 while another in Hanoi was closed until Sept. 12.

 

"This has caused a decline in our sales and services during this period," the company noted.

 

Between January and September, the auto dealer's revenue was VND3.4 trillion, down 9 percent over the same period, equivalent to 35 percent of this year's business plan.

 

However, profit dropped by 45 percent to VND44 billion.

 

Despite revenue decline, the company retains a positive forecast for the last quarter of this year. It has thoroughly prepared to resume operations in the new normalcy, with all employees fully vaccinated to ensure operational safety.

 

Previously, in the annual meeting at the beginning of the year, the company set a business plan for 2021 with a net profit of VND126 billion.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.