Ocean Group adjusts business plan

The board of directors of Ocean Group (OGC) has just adjusted the target of total consolidated revenue for this year to decrease by 24 per cent compared to the previous plan to VND739 billion (US$32 million).

Ocean Group has just approved the resolution to adjust the business plan for this year. — Photo VNExpress

The board of directors of Ocean Group (OGC) has just adjusted the target of total consolidated revenue for this year to decrease by 24 per cent compared to the previous plan to VND739 billion (US$32 million).

The group has just approved the resolution to adjust the business plan for this year.

The total target profit before tax for the year is expected to reach nearly VND52 billion, down more than 32 per cent compared to the previous plan, while the target profit after tax increased slightly by nearly 2 per cent to more than VND40 billion.

Regarding the parent company's plan, both revenue and target profit were adjusted to increase by nearly 2 per cent and 165 per cent, respectively, to a value of VND92.7 billion and nearly VND67 billion.

In the first six months of the year, OGC's profit after tax was VND15.5 billion, down 88 per cent compared to the first half of last year. — VNS

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