Pharmaceutical company’s (DHG) profit up 6 per cent
Pharmaceutical company’s (DHG) profit up 6 per cent
Hau Giang Pharmaceutical Joint Stock Company (DHG), one of the leading companies in the pharmaceutical cosmetics industry, recorded profit of VND190 billion (US$4.3 million) in the second quarter of this year, up 6 per cent on-year.
The company earned VND933 billion in revenue during the period.
In the second quarter, sales increased by VND31 billion compared to the same period last year to VND182 billion. Advertising costs rose VND20 billion to VND36.4 billion, while employee costs also increased by VND11 billion.
Corporate expenses were down by VND18 billion to VND68.7 billion.
In the first half of this year, DHG made revenue of VND1.84 trillion, up slightly from the VND1.80 trillion recorded in the same period last year and equivalent to 42 per cent of this year’s target.
Pre-tax profit during the first half was VND360.7 billion, completing 44 per cent of the annual target. Post-tax profit reached VND310 billion, down 14 per cent year-on-year.
By the end of the second quarter, inventory stood at VND780 billion, up VND147 billion compared to the beginning of the year. DHG also posted bad debt of more than VND216 billion.
