Vicem pretax profit rises 72.2%

Vietnam Cement Industry Corporation (Vicem) reported a pretax profit of VND333bn (US$15.91m) in the first half of this year, rising 72.7 per cent YoY,  meeting 44.3 per cent of the whole-year target.

Its revenues, however fell 1.2 per cent YoY to VND14.22trn during the period, or 43.6 per cent of the full-year target, the group said.

Vicem sold 9.71Mt of cement and clinker in the first half of this year, down 1.4 per cent against the same period last year, of which 650,000t were exported – up one per cent YoY.

The group also produced 7.45Mt of cement and 7.08Mt of clinker between January and June, down 13.5 per cent and 2.6 per cent, respectively.