VSH: 2007’s profit reaches VND 254.4 billion, decreasing 5.87% and EPS VND 2,015 billion

13/02/2008 00:00:00 - views: 3,494

Vinh Son – Hinh River Hydropower Joint Stock Company (stock code: VSH) publicized the business performance of quarter IV/2007 and the total cumulative for 2007.

Accordingly, in quarter IV/2007, the Company achieved VND 139,077 billion of gross profit and service providing, which increased by 161.44% compared to that of quarter III/2007 (approximately VND 85.881 billion). In terms of the total cumulative for 2007, the Company accomplished VND 370.162 billion, decreasing by 9.56%, approximately VND 39.112 billion, in comparison to that of 2006.

In quarter IV/2007, the after-tax profit of the Company was VND 129.693 billion, an increase of 545.08%, equalling to VND 109.588 billion, in comparison with that of quarter III/2007. For the total cumulative for 2007, the after-tax profit reached VND 254.370 billion, a slight drop of 5.87%, approximately VND 15.867 billion, compared to that of 2006.

The basic profit based on stocks in 2007 was VND 2,015 billion. Therefore, with the price of VND 44,000, P/E of VSH was 22.

The main business sectors of VSH is electricity trading; hydropower plant operating, managing and maintaining; hydropower project management consulting and construction supervising; electric experiment; and electric device and material trading. 

With the capacity of 66 MW and the annual power output of 230 million kWh, Vinh Son Hydropower Company is the first hydropower company which has large scale in the Central and Tay Nguyen. VSH provides about 2.4% of the total national capacity.

Financial statement of quarter IV/2007 (unit: dong):

Index

Reporting term

Cumulative

Revenue from good selling and service providing

139,076,665,275

370,161,500,494

Revenue deduction categories

 

 

Gross revenue from good selling and service providing

139,076,665,275

370,161,500,494

Sold goods’ prime cost

45,343,898,437

168,039,781,307

Combined profit from selling goods and providing services

93,732,766,838

202,121,719,187

Revenue from financial performance

43,486,171,266

75,835,030,553

Financial costs

3,665,480,230

15,980,350,469

Selling costs

 

 

Management costs

3,876,300,170

7,606,242,659

Gross profit from business performance

129,687,157,704

254,370,156,612

Other incomes

8,345,452

11,755,041

Other costs

2,727,270

2,727,270

Other profits

5,618,182

9,027,771

Total profit accounted before tax

129,692,775,886

254,379,184,383

Corporate tax

 

 

After corporate tax profit

129,692,775,886

254,379,184,383

Basic profit on stocks

 

 

At the end of the trading session on January 21st 2008, VSH stock rose by 1,000 dong, approximately 2.33% and closed at the price of 44,000 dongs/stock with 177,50 stocks transferred.

Date

Price

Change

% Change

Volume

01/02/2008

44,000

1,000

2.33%

177,550

31/01/2008

43,000

-200

-0.46%

162,880

30/01/2008

43,200

2,000

4.85%

148,070

29/01/2008

41,200

1,900

4.83%

136,780

28/01/2008

39,300

1,800

4.8%

149,700

From ATPvietnam.com

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