Thuan Duc (TDP) reported the highest Q2 profit since the listing

Extract from CafeF source

Thuan Duc Joint Stock Company (stock code: TDP) has released its financial statements for the second quarter of 2019.

According to that, net revenue in the period reached over 300 billion dong, up by 82% YoY, but COGS also increased strongly by 93% so gross profit was only nearly 39 billion dong, up by 30% YoY. last year.

TDP said that in the second quarter of 2019, business markets across the country and the export market of shoping bag supermarket grew compared to the same period last year, in which export turnover of supermarket bags by over 45%, equivalent to nearly 33 billion dong of revenue.

Notably, during this period, Thuan Duc’s financial expenses nearly doubled compared to the second quarter of 2018 to more than VND 10 billion, of which mainly interest expenses increased sharply in the second quarter of 2019.