VIP estimates VND61 billion first half gains

Vietnam Petroleum Transport Joint Stock Co. (VIP), the nation’s second-largest listed shipping line by market value, estimates first-half pretax profit to reach US$3.42 million, accounting for 68.94% of the year’s target.

The firm, known as Vipco, also said its revenues would reach VND507.73 billion, accounting for 49.27 percent of the year’s forecast. Comparative figures for last year were not given.

Vipco’s profit will likely climb 44 percent this year to VND75.2 billion, Nguyen Dinh Thanh, a spokesman, told Bloomberg. That compares with a previous forecast for a 19 percent increase.

thanhnien, DTCK

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