YenBai Cement posts second quarter loss, Vietnam

YenBai Cement and Minerals said it incurred a loss of VND5.69bn (US$271,000) in the second quarter of this year, marking its fifth consecutive quarter of losses

Revenues declined five per cent on year to VND82bn during the period, the company said in a quarterly financial statement. Higher prime cost to revenue ratio was mainly blamed for the company’s loss, despite an earning of VND3.46bn from other incomes.

In the Jan-June period the cement producer made a loss of VND11.47bn on revenues of VND161.88bn.