Pinaco posts $24.8m in revenue

08:07, 30/07/2007

The Dry Cell and Storage Battery Joint Stock Company (Pinaco) has reported a six-month revenue of VND396.7 billion (US$24.8 million), up 32 per cent year-on-year.

The Dry Cell and Storage Battery Joint Stock Company (Pinaco) has reported a six-month revenue of VND396.7 billion (US$24.8 million), up 32 per cent year-on-year.

Pre-tax profit was at VND19 billion ($1.2 million), up 50 per cent compared to the same period last year.

Currently, the company is investing VND208 billion to build a battery factory in the Nhon Trach Industrial Zone, Dong Nai Province. The factory will manufacture 900,000kWh of batteries a year.

(Source: VNS)