Dong Hai Joint Stock Company of Ben Tre Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 08:29 am EDT
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Dong Hai Joint Stock Company of Ben Tre reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was VND 794,642.34 million compared to VND 970,707.69 million a year ago. Revenue was VND 794,409.19 million compared to VND 970,368.79 million a year ago. Net income was VND 55,899.3 million compared to VND 64,498.74 million a year ago. Basic earnings per share from continuing operations was VND 708 compared to VND 785 a year ago. Diluted earnings per share from continuing operations was VND 708 compared to VND 785 a year ago.
For the nine months, sales was VND 2,444,144.5 million compared to VND 2,996,313.51 million a year ago. Revenue was VND 2,443,020.53 million compared to VND 2,995,845.19 million a year ago. Net income was VND 234,072.99 million compared to VND 295,988.07 million a year ago. Basic earnings per share from continuing operations was VND 2,850 compared to VND 6,304 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.