Vinatex projects 50% drop in profit before tax this year

The Vietnam Nationwide Textile and Garment Group (Vinatex) recently forecast that its consolidated income right before tax this yr will tumble by 50 % to VND 382 billion ($16.5 million) yr on yr owing to the damaging impression of the COVID-19 pandemic. This is the least expensive consolidated income right before tax more than the earlier four years, in accordance to the enterprise.

Its consolidated earnings is believed at VND fourteen.sixty four trillion, down by 27 per cent in comparison to previous year’s figures, in accordance to studies offered at its annual standard conference this yr.

In the report, Vinatex has specific this year’s earnings of the father or mother enterprise at about VND one.33 trillion, down by 5 per cent and income right before tax at one hundred thirty billion, down by fifty six per cent in comparison to 2019 mainly because of troubles in generation and business in

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