Vietnam Enterprise Investment revenue jumps 72% despite widening losses

Vietnam Enterprise Investment and Development JSC reported revenue of VND 22,674 million in the second quarter, up 72% from VND 13,138 million a year earlier, driven by commercial activities.

However, operating losses widened to VND 3,345 million from VND 1,113 million, while after-tax losses increased to VND 3,832 million from VND 1,315 million. The company attributed the profit decline largely to VND 1.28 billion in interest expenses recorded by a subsidiary.