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Vinacomin's (TVM) revenue rises in four months
The Viet Nam National Coal and Mineral Industries Group (Vinacomin) posted revenue of nearly VND43 trillion (US$1.84 billion) in the first four months of 2019, up 4 per cent year-on-year.
The group's four-month revenue fulfilled 34 per cent of its yearly target, online newspaper vietnamfinance.vn reported.
During the reviewed period, Vinacomin churned out a total 14.86 million tonnes of coal, 11 per cent higher than the same period last year.
It sold about 15 million tonnes of coal and produced more than 445,500 tonnes of aluminium in the period. The group also generated 3.55 billion kWh of electricity in the four months.
In April alone, it produced nearly four million tonnes of coal, reaching the amount for the second consecutive month.
In May, the company targets coal output of between 3.8 and 4 million tonnes, as well as 116,000 tonnes of aluminium and 900 million kWh of electricity.
By year-end, Vinacomin has targeted to exploit 40 million tonnes of coal. Of the sum, 32 million tonnes will be supplied for electricity generation.
Last year, the group recorded revenue of VND122 trillion, 7 per cent higher than its yearly goal.
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