Truong Hai auto sees revenue up 89 per cent in 2015
Truong Hai auto sees revenue up 89 per cent in 2015
The Truong Hai Automobile Joint-Stock Company (Thaco) reported VND41.532 trillion (US$1.86 billion) in revenue in 2015, an increase of 89 per cent since 2014.
The company's profit after tax reached more than VND7 trillion in 2015.
On average, the company sold more than 220 vehicles a day, earning VND114 billion in revenue and VND19 billion in after-tax profit per day last year.The company's total assets at the end of last year were VND30.81 trillion, 63 per cent higher than the beginning of 2015.
Thaco also invested more than VND300 billion in the stock market last year.
According to a report from the Viet Nam Automobile Manufacturing Association (VAMA), Thaco took the lead in auto sales with more than 80,400 cars in 2015, a 90 per cent increase in comparison with 2014, occupying 38.6 per cent of the market share.
Of this figure, Thaco sold 36,300 trucks, contributing 45 per cent to the company's total car consumption. It's followed by 21,300 units of Thaco Kia and 20,400 units of VinaMazda in 2015.
