STP: Net Profit Falls 16% to VND4.4Bln in Q1/2012

The company reported revenue of VND34 billion and gross profit of VND4.2 billion in the quarter, down 40.8% and 48.7% on-year, respectively. Meanwhile, the firm also enjoyed 21% decrease in corporate management expense and 24.3% fall in selling expense.

In 2012, STP targets a net profit of VND24.88 billion on revenue of VND262.8 billion.