Nine firms surpass year's profit targets

October 19, 2010 | 11:58

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Hanoi - Nine listed companies on both national stock exchanges have reported third-quarter profits that have already surpassed their targets set for the entire year.

Most of the highly profitable firms are operating in such fields as building materials, sugar, rubber and food processing – sectors which benefited from rapidly rising prices in the past quarter.

Five companies reported profits in the first nine months that exceeded targets by more than 10 per cent, including cement manufacturer Can Tho Sadico (SDG), which has exceeded its profit target for the year by a whopping 59 per cent; Long An Food Processing Export (LAF), which has reported nine-month profits 33 per cent higher than the year's target; and Hoa Binh Rubber (HRC), which has bested its target for the year by 32 per cent.

Profits of Nui Nho Stone Co-operation (NNC) have also exceeded targets for the entire year by 23.4 per cent, while CMC Investment (CMC) has posted nine-month profits 12.6 per cent higher than its full-year targets.

Companies report nine-month profits

Company	Q3 profit	Nine-month profit	% over
	(VND billion)	(VND billion)	target
Can Tho Sadico Co (SDG)	17*	25.6	59%
Long An Food Processing Export Co (LAF)	19	53.7	33%
Hoa Binh Rubber Co (HRC)	28.7	73.6	32%
Nui Nho Stone Co-operation (NNC)	24	72	23.4%
CMC Investment Co (CMC)	0.5	9	12.6%
Tay Ninh cable Car Tour Co (TCT)	5.8	35.7	8.4%
Pomina Steel Corporation (POM)	89.6*	616	0.7%
Hai Duong Pump Manufacturing Co (CTB)	3.9	8.4	5.6%
Gia Lai Cane Sugar Thermoelectricity (SEC)	6.5	55	0.01%
		* estimated figure