In the first quarter of 2013, the company recorded net revenue of VND 203.28 billion, marking a 13.82% increase compared to the same period last year. The cost of goods sold rose by only 2.56%, a lower rate than revenue growth, resulting in a sharp 90.59% increase in gross profit, which reached VND 43.57 billion.

However, during the same period, HHC incurred high expenses, with selling and administrative costs increasing by 135% and 106% respectively year-on-year. As a result, the company posted a net profit after tax of only VND 5.69 billion, a modest increase of 5.96% compared to Q1/2012.

For 2013, the company has set a revenue target of VND 720 billion, a pre-tax profit goal of VND 29.5 billion, and a planned dividend payout of 15%.

Report: HHC’s Q1/2013 Business Performance

(Source: Dân Việt)