TNA: Revenue & profit in the first two months of 2011

Thien Nam Trading Import Export Corporation (TENIMEX) (HOSE: TNA) has announced revenue and profit in the first two months of 2011:

• Net revenue: VND238 billion, increasing 111% compared to the same period of 2010.

• Profit before tax: VND15.36 billion, increasing 202% compared to the same period of 2010.

In the first two months of 2011, steel price (The main product of TENIMEX) increased sharply. However, the Company took the initiative in importing goods by the end of 2010 and actively purchased local products, as well as follow the market changes to push the selling at the right time. Therefore, Profit before tax increased 202% compared to the same period of the prior year. besides, technology products in the recent Tet season with 3 new good-selling brand names also contributed to the Company’s revenue increase.

hose

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