Friday, May 04, 2007

Vietnamese tilemaker expects massive profit increase this year

Vietnam tile maker Vitaly (VTA) said on Friday it expected a 256% rise in net profit to 8.2 billion dong ($500,000) this year.

The Ho Chi Minh City-based company also said in a statement to the stock exchange which gave no reason for the expected profit leap, its revenues should rise 3.3% rise from the same period of 2006 to 327.6 billion dong ($20.3 million).

Source: Reuters

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