Zhitong Financial App News, Vietnam Manufacturing and processing Export (00422) released its interim results for the six months ended June 30, 2023. The group earned US $60.6071 million in revenue during the period, down 2.57% from the same period last year. Profit attributable to shareholders was US $3.0011 million, up 766.8% from the same period last year; and basic profit per share was US $0.0033.
According to the announcement, the group moderately increased the price of its products in 2023 in response to the rise in international raw materials, but its income decreased compared with the same period last year due to the conservative purchasing power of Vietnamese consumers. Exports of products from ASEAN countries, in the case of price adjustment, coupled with an increase in sales of mid-and high-end products, led to revenue growth, but offset some of the revenue growth under the slowdown in the Malaysian market. The Group will continue to actively develop new models and a wide range of products to meet consumer demand and increase the Group's revenue.