During the first month of 2010, Vietnam Germany Steel Pipe Joint Stock Co reported satisfactory business results with fulfilling 10% of the year's revenue plan and 7% of the year's profit target.
In 2010, VSG targets to earn VND 1.5 trillion ($81 million) revenue and VND 63 billion ($3.4 million) pre tax profit.
Currently, the company is focusing on building and installing high quality steel project with total investment of up to VND 500 billion ($27 million) and capacity of 350,000 tonnes a year.
In 2009, VGS gained nearly VND 1.117 trillion ($60 million) of revenue and VND 44.95 billion ($2.4 million) of after tax profit with EPS of VND 3.340 per share.
Source: dtinews.vn