The Vietnam Rubber Industry Group JSC reported VND21.17 trillion (US$915.6 million) in revenue and VND5.23 trillion in post-tax profit in 2020, year-on-year increases of 6.9 per cent and 36.4 per cent, respectively.

It had earlier targeted over VND24.64 trillion in revenue and pre-tax profit of more than VND4.9 trillion for 2020.

The company reported consolidated net revenue and post-tax profit in the fourth quarter of more than VND9 trillion and nearly VND3.2 trillion, up 27.1 per cent and 90.1 per cent year-on-year.

As of December 21, it had total assets of over VND79.64 trillion, up 1.4 per cent compared to January 1, 2020. Fixed assets were valued at more than VND30.2 trillion.

It is now stepping up restructuring and rearranging its member companies.

It recently completed its divestment from the Sai Gon VRG Investment JSC by selling 9.34 million shares valued at some VND1.32 trillion. — VNS