Vietnam Italy Steel sales rise with help of modern approach
Vietnam Italy Steel sales rise with help of modern approach
Vietnam Italy Steel Co (VIS) reported that net sales in the third quarter topped VND897 billion (US$42.5 million), a rise of 36 per cent year-on-year, while net profit was nearly VND4 billion ($190,000).
The company implemented new technology, reducing production costs. Its performance improved substantially compared with a loss of VND36 billion ($1.7 million) in the same period of last year.
By the end of September, total sales reached VND2.684 trillion, up 12 per cent year-on-year, and net profits were VND15.8 billion ($749,000), about 78 per cent of the yearly target.
bizhub