Nui Beo Coal Co. posts 12.27b dong profit in Q1

Thursday, May 15, 2008
Listed firm Nui Beo Coal Joint Stock Co (coded NBC) recently posted the first quarter's business results with the revenue of 325.93 billion dong, increasing 15.13% or 42.84 billion dong year-on-year, and the after-tax profit of 12.27 billion dong, growing by 175.73% and EPS of 2,045 dong.

The company, operating in fields of mining and processing coal and other natural minerals, building industrial and civil works, trading materials and equipments to serve production, targets to earn 1.304 trillion dong in total revenue, 49.437 billion dong in pre-tax profit and a dividend of 15%.

In Jan-March, Nui Beo Coal JSC also posted 43.683 billion dong in combined profit from sales and service provision, 192.840 billion dong in revenue from financial activities, 11.937 billion dong in net profit from business, and 335.466 million dong in other profits.

Its cost for financial operation in Jan-March was 5.934 billion dong, for sales at 7.205 billion dong, for corporate administration at 18.8 billion while the other costs were 3.536 billion dong.

After the first session of this week (May 12) closed, the share price of NBC declined by 1,400 dong down to 48,100 dong per share with 2,000 shares being traded.