Tinnghia Industrial Park Development JSC (TIP) discloses its consolidated financial statements for the second quarter of 2016 ended on June 30, 2016.
The company said it made VND19.4 billion consolidated net profit in April – June 2016 period, up 409% from VND4 billion consolidated net profit in the same period of 2015.
The company generated VND54.4 billion consolidated net revenue in Q2/2016, up 26% on year. Gross profit was at VND25 billion in Q2/2016, up 482% on year.
Cost of goods sold almost halved, to VND30 billion in Q2/2016.
Administrative expenses almost halved, to VND3 billion in Q2/2016.
Earnings per share (EPS) was at VND747 in Q2/2016 versus VND156 in Q2/2015.
During January – June 2016, TIP earned VND33.4 billion consolidated net profit on VND104.6 billion consolidated net revenue, up 62% and up 10% on year, respectively.
EPS was at VND1,285 in H1/2016 versus VND1,073 in H1/2015.
Total assets fell to VND505 billion as of June 30, 2016 versus VND553 billion as of January 1, 2016. Of note, inventory was at VND168 billion as of June 30, 2016 versus VND195 billion as of January 1, 2016.