For the first six months of the year, PVCFC’s net revenue ped 26.2 per cent over last year to VNĐ6.03 trillion, with profit after tax posting a decrease of 79.5 per cent to VNĐ519.5 billion.
Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.
Fertiliser stocks are surprising the market with many large names hitting the ceiling prices, mainly due to the Ministry of Finance’s decision to make fertiliser subject to VAT at the preferential rate of 5 per cent.