HAS: Q1/2012 Net Profit Reaches VND1Bln, up 4%

The company attributed its higher profit to a 684% on year increase in its revenue, a 348% on year rise in financial income, and a 32.7% on year fall in general and administrative expenses in the period.

The HOSE-listed company generated net revenue of VND35.4 billion in the quarter, compared to VND5.18 billion a year earlier.

The company had total assets of VND214.8 billion at the end of the quarter, against VND217.9 billion at the beginning of the year.