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Mining company posts Q3 loss

Oct 15th at 12:47
15-10-2012 12:47:55+07:00

Mining company posts Q3 loss

Bac Giang Minerals Co (BGM) has became the first company in the mining industry to report a loss in the third quarter. Its earnings during the period reached only VND42 million (US$2,000), a sharp decline from the VND8 billion ($383,000) posted in the same period last year. BGM has posted a profit of VND707.5 million in the first nine months, compared to VND27 billion ($1.3 million)in the same period last year

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