Mining company posts losses in second quarter
14-07-2012 12:21:47+07:00
Mining company posts losses in second quarter
Mining company Tai Nguyen Co (TNT) became the first enterprise to report losses in the second quarter, with a loss of VND32 million (US$1,500), well below the VND1 billion ($47,600) loss the company suffered in the same period last year.
TNT's losses in first six months of the year totalled VND819 million ($39,000).
TNT's earnings in the second quarter reached VND32.49 billion ($1.5 million), an improvement over the first quarter, during which the company had almost no revenue.
Cash on hand at end of the second quarter totalled VND784 million ($37,300), declining VND116 million ($5,500) from earlier in the year
vietnamnews
