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News TXM reports net loss in the third quarter of 2015

TXM reports net loss in the third quarter of 2015

Written by Global Gypsum staff
29 October 2015
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Vietnam: Gypsum and Cement JSC (TXM) has posted a US$27,501 net loss in the third quarter of 2015, compared to a US$82,861 net profit in the same period of 2014. The company generated US$6.72m net revenue in the period, down by 16% year-on-year. TXM attributed its loss to the depreciation of the Vietnamese Dong compared to the US Dollar, increases in management costs and a fall in financial income. In the first nine months of 2015, TXM made a US$134,370 net profit on a US$19.5m net revenue, down by 42% and 10% year-on-year, respectively.

Published in Global Gypsum News
Tagged under
  • Vietnam
  • Gypsum and Cement JSC
  • Results

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