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PHR: Business Result in July 2010
Phuoc Hoa Rubber Joint Stock Company (PHURUCO) disclosed the results of business operations in July 2010:
In July 2010, the Company exploited 2,237.85 tons of dry latex (10.4% of the year’s plan), purchased 1,843.45 tons and sold 3,738.41 tons of latex with revenue of VND228.696 billion. Total profit in July was VND64.21 billion, equal to 18.4% of the plan. The average selling price in July was VND61.175 million/ ton.
|
No. |
Item |
Unit |
Plan for 2010 |
July 2010 |
Accumulation of 7 months |
Ratio of 7 months to the year plan |
|
1 |
Production |
Tons |
21,500 |
2,238 |
9,094 |
42.30% |
|
2 |
Total revenue |
VND million |
1,040,000 |
228,696 |
943,866 |
90.76% |
|
3 |
Selling price |
VND million |
40 |
61.18 |
59.23 |
148.07% |
|
4 |
Profit before tax |
VND million |
349,000 |
64,219 |
306,999 |
87.97% |
PHURUCO expected to exploit 2,365 tons of dry latex (11% of the year’s plan) and purchase 900 tons in August. At the present, the selling price of latex of PHURUCO is averagely VND60 million/ton, a fairly high level. The Company also expected to complete targets of the whole year 2010.
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