Thanh Cong Textile Garment Investment Trading JSC announced its business results in which revenue reached VND393 billion (US$17 million) last month, a year-on-year increase of 21 per cent.

The largest contribution comes from the garment segment accounting for 78 per cent, fabric production 14 per cent and yarn 7 per cent.

The company's total profit after tax reached VND19.2 billion last month, an increase of only 1 per cent over the same period last year.

In the first four months of the year, the revenue of the company hit VND1.5 trillion, up 19 per cent; and profit after tax reached VND88 billion, up 14 per cent.

The company’s leaders said that they expected an estimated revenue of more than VND4.2 trillion this year, a year-on-year growth of 18 per cent.

In particular, the company sets a profit after tax target at VND253.8 billion this year, an increase of more than VND110 billion compared to the previous year, equivalent to an increase of nearly 77 per cent. — VNS