Mining company posts losses in second quarter

Mining company Tai Nguyen Co (TNT) became the first enterprise to report losses in the second quarter, with a loss of VND32 million (US$1,500), well below the VND1 billion ($47,600) loss the company suffered in the same period last year.

TNT's losses in first six months of the year totalled VND819 million ($39,000).

TNT's earnings in the second quarter reached VND32.49 billion ($1.5 million), an improvement over the first quarter, during which the company had almost no revenue.

Cash on hand at end of the second quarter totalled VND784 million ($37,300), declining VND116 million ($5,500) from earlier in the year

vietnamnews

>   V11: Results of Annual General Meeting of Shareholders 2012 (13/07/2012)

>   DID: Results of Annual General Meeting of Shareholders 2012 (13/07/2012)

>   DCL: Resolution of AGM 2011 (13/07/2012)

>   STB: Explanation for business result in Quarter 1.2012 (13/07/2012)

>   BGM: BGM delays the 2012 Annual General Meeting (time 2) (13/07/2012)

>   OGC: Explanation for Q1.2012 business result (13/07/2012)

>   STP: Explanation for difference in financial statement QI.2012 compare to QI.2011 (13/07/2012)

>   CTB: Explanation for difference in financial statement QI.2012.doc (13/07/2012)

>   DHI: Results of Annual General Meeting of Shareholders 2012.doc (13/07/2012)

>   LTC: Explanation for difference in financial statement QI.2012.doc (13/07/2012)