Hai Phong Port sees profit

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The Hai Phong Port Joint Stock Company announced net revenue of nearly VND1.7 trillion (US$76 million) and after-tax profits of more than VND360 billion (US$16 million) in 2015. Hai Phong Joint Stock Company (JSC) was listed on the Ha Noi Stock Exchange with the code PHP since August, 2015. In the fourth quarter of 2015, it posted a net revenue of VND425 billion ($19 million) and an after-tax profit of VND90 billion ($4 million).
The PHP net revenue in 2015 came mainly from activities related to loading and unloading goods, which was estimated at VND1.2 trillion ($54 million), accounting for 74 per cent of the company's total net revenue.
The revenue earned by the warehousing services contributes VND335 billion ($15 million) to the total net revenue. The revenue from the remaining activities was estimated to be less than VND50 billion ($2.2 million) each.

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