SAV: Announcement of the change of listing
Vinafor published consolidated financial statements for the first quarter of 2020 with net revenue of VND 462 billion, decreasing 2% y-o-y. In particular, sales of finished wood products fell by 26% to VND 166 billion. According to the Company, the decrease in profits comes from the business results of joint ventures and associates in the quarter decreased compared to the same period due to unfavorable consumption of goods and products. Profit after tax of the parent company shareholders decreased by 28% to VND 128 billion.