REE’s first-month turnover jumps 115 percent

The Refrigeration, Electrical Engineering Corporation (REE) has posted first month earnings for the year.

The corporation saw 89.6 billion VND (5.6 million USD) in revenue, an increase of 115.38 percent over the same period last year.

Its pretax profits totaled 17.5 billion VND (1.1 million USD), an increase of 19.3 percent over the previous corresponding period. REE has also shelved its plan to set up a securities company citing other business opportunities such as power plant and real estate.

VNA

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