HBC reached net profit of VND 127 billion in 2011

 

According to HBC 2011 Consolidated Financial Statement, net revenue reached VND 3,078 billion, increasing 74% compared to 2010. Net profit reached VND 127 billion, decreasing 8% compared to 2010. Net profit margin went down mainly due to high ratio of cost of goods sold/revenue and increased interest expenses compared to previous year.

Criteria
2011
2010
Change
Net revenue (billion VND)
3.078
1.768
74,1%
Net profit (billion VND)
127,6
139,2
-8,3%
Net profit margin
4,1%
7,9%

COGS as %age of revenue
86,7%
83,3%
3,4%
Interest expense
149,0
48,3
208,5%


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