TMT earns $6.62 million in H1

The TMT Auto Joint Stock Company (TMT) earned VND143 billion (US$6.62 million) in net profits in the first half of this year.

The result was seven times the companies earnings in the same period last year, and very close to this year's annual target.

TMT will pay its shareholders a dividend of VND119 billion ($5.5 million), 83.2 per cent of the first-half net profit, and payments are expected to be completed in August.

The company planned to acquire Vinamotor this year, but the plan is now on hold because it has to meet some requirements set by the Ministry of Transport.

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