Dong Hai Joint Stock Company of Ben Tre Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 20, 2021 at 10:20 am EST
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Dong Hai Joint Stock Company of Ben Tre announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was VND 865,771.000 million compared to VND 662,916.000 million a year ago. Operating income was VND 159,926.000 million compared to VND 120,740.000 million a year ago. Net income was VND 154,447.000 million compared to VND 105,236.000 million a year ago. Basic earnings per share from continuing operations was VND 2,723 compared to VND 1,941 a year ago. For the full year, total revenue was VND 2,887,570.000 million compared to VND 1,429,890.000 million a year ago. Operating income was VND 406,723.000 million compared to VND 208,649.000 million a year ago. Net income was VND 391,828.000 million compared to VND 182,060.000 million a year ago. Basic earnings per share from continuing operations was VND 6,858 compared to VND 3,319 a year ago.
DongHai Joint Stock Company of Bentre is a Vietnam-based company operating in the paper packaging industry. It is engaged in the manufacturing of carton boxes, as well as Kraft paper, cardboard paper and paper pulp. Together with its affiliate, the Company is engaged in aquaculture and the processing of seafood, such as shell fish, shrimps, pangasius fillets, squid and others. In addition, it is involved in the trading of printing machines, labels, decals, cards, paper materials, steel, aquaculture feeds, insulation sheets, linings and Polyethylene (PE) bags. On March 6, 2012, the Company reduced its holding in Bentre Seafood Joint Stock Company (Beseaco) from 54.67% to 46.61% stake, turning its sole subsidiary into an affiliated company. On June 28, 2013, the Company announced that it has divested all of its stake in Bentre Seafood Joint Stock Company.