Pinaco Posts VND16.4Bln Net Profit in H1
The Dry Cell and Storage Battery Joint Stock Co. (Pinaco) gained a net profit of VND16.4 billion in the first half of this year, up 29 per cent on-year, the company reported.
The firm reported its total revenue of VND396.6 billion in the period, up 32 per cent on-year.
The dramatic growth is resulted from the country’s growing high-quality battery demand.
Pinaco has recently invested VND208 billion to build a new factory that will produce 315 million of cells and about 1 million kWh batteries with the combined capacity of 900,000 kWh a year in Dong Nai’s Nhon Trach EZ. (Securities Investment)
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