Vietnam Cement Co revenue meets 105% of full-year target

Vietnam Cement Co revenue meets 105% of full-year target
Published: 22 September 2009

Hoang Mai Cement Joint Stock Company (HOM) had revenue of VND99.8bn (US$5.595m) in the first eight months of this year, completing 105% of its full-year target, financial website CafeF.vn reported.

The company sold 993,503t of cement in Jan-Aug, meeting 71% of its full-year target, the source said, giving no further detail.

It expects to produces 500,000t more of clinker in the last four months of this year, raising its total production to 1.34Mt for the whole year.

Between Sept and Dec, the company targets to sell 560,000 more tons of cement, raising its total goods sales to 1.73 million tons for the whole year, up 25% from a year earlier.

This year, the company expects pretax profit of VND155 billion, up 144% from a year earlier on revenue of VND1,335 billion, 63% from last year.