EVN records 11.4 per cent surge in pre-tax profits

VOV.VN - Vietnam Electricity group reached VND9.076 trillion (US$390.26 million) in combined pre-tax profits during 2018, an annual rise of 11.4 per cent.

evn records 11.4 per cent surge in pre-tax profits hinh 0
Illustrative photo (Source: VOV)

Dan Tri Newspaper quoted an audited 2018 financial report released by the Vietnam Electricity group (EVN) as showing that the state-run power developer racked up VND338.5 trillion (US$14.55 billion) in net revenues during the year, up 14.8 per cent on year.

Despite facing high production and service costs, EVN still bagged VND53.158 trillion (US$2.28 billion) in gross profits during 2018, a year on year hike of 20.5 per cent.

Following its tax payments worth a total of VND2.309 trillion (US$99.28 million), the group recorded VND6.817 trillion (US$293.13 million) in after-tax profits last year, a slight rise of 3.4 per cent against the previous year.

The net profit of the parent firm amounted to VND5.582 trillion (US$240 million) in 2018. By December 31 2018, the total assets of EVN reached VND706.504 trillion (US$30.37 billion), an increase of VND4.924 billion (US$211.732) against the beginning of the year.


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