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Rubber firms’ profits surge

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Workers transport latex on motorbikes. Photo courtesy of Vietnam Rubber Group Jsc

 

Many rubber companies reported higher profits in the fourth quarter of last year as export prices rose sharply.

 

The Vietnam Rubber Group Joint Stock Company’s gross profits were up 27 percent year-on-year to VND2.1 trillion on revenues of VND7.46 billion ($324.3 million), up 20 percent.

 

The Thong Nhat Rubber Joint Stock Company reported a 250 percent rise in profits to VND6 billion as revenues more than doubled to VND32 billion.

 

Full Story: https://e.vnexpress.net/news/business/industries/rubber-firms-profits-surge-4423371.html

 

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-- © Copyright VN Express 2022-02-01

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