Leading pharma firm DHG reports highest quarterly profit
Hau Giang Pharmaceutical JSC (DHG Pharma) reported an after-tax profit of VND361 billion ($15.36 million) in this year's first quarter, up 41% year-on-year, a quarterly record high in the firm's history.
The company, listed on the Ho Chi Minh Stock Exchange as DHG, posted net revenue of nearly VND1.23 trillion ($52.3 million), up 15%, according to its financial statement.
DHG Pharma's headquarters in Can Tho city, southern Vietnam. Photo courtesy of the company.
In the quarter, the company focused on selling antibiotic, analgesic and antipyretic products like Hapacol, Klamentin, and Haginat. It also actively increased its reserve of raw materials and finished products to meet market demand.
For 2023, DHG Pharma has set a revenue target of VND5 trillion ($212.8 million) and pre-tax profit of VND1.13 trillion ($48.1 million), up 7% and 3% respectively.
As of March 31, DHG's total assets were VND5.5 trillion ($234.24 million), up 6.4% compared to the beginning of the year. Among them, cash and cash equivalents are VND2.54 trillion ($108 million), accounting for 46% of the total assets.
Closing the Friday session, DHG was traded for VND98,900 ($4.21) per share.
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