Title | 20161114_BSC_Vietnam Company Update_EN_NBC_IC1770 |
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Report Type | Báo cáo chuyên đề |
Source | BSC |
Industry | Basic Materials |
Bussiness | NBC |
Detail |
Date : 14/11/2016 Total pages : 3 Language : English File Type : .PDF FileSize : 747 Kb Download: 107 Download |
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Short Content |
Vinacomin NuiBeo Coal JSC (NBC) is one of the subsidiaries of Vietnam national coal – mineral industry holding corporation limited (Vinacomin), mining opencast coal in Quang Ninh Province. Some notes about NBC’s business in the period 2016 -2018: • In 2016, NBC will recognize additional VND 12 billion of EBT from the liquidation of opencast mining equipment. • The company will mine opencast coal up to the end of 2018 since the opencast coal reserve has been exhausted. • The very first 170,000 tons of underground coal is expected to be mined in 2017 and the volume will increase in the following years. Business Results: In 9M2016, NBC’s revenue reached VND 883.8 billion (-12% yoy), profit after tax reached VND 19.6 billion (+ 7.7% yoy). Gross margin was 15.4%, higher than the 13.53% in 9M2015 due to the strong decrease in depreciation expense by 68.3% to be VND 40.6 billion when some machinery’s depreciation ended and the company liquidated a part of surface mining equipment. |