Vietnam producer 3Q net profit falls

Thai Binh Cement JSC reported a net profit of VND81m (US$3.9m) in the third quarter of 2012 compared to VND1bn a year ago due to a rise in input costs and lower demand, the company said.

Revenue for the July-September 2012 period was VND23.6bn compared to VND24.2bn in the same quarter of last year.

In the first nine months of this year, the company saw 65 per cent net profit drop to VND1.1bn from VND3.1bn over the same period of last year.