Tuesday , January 21 2025

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EVN’s losses drag down public sector’s profits

EVN's losses drag down public sector's profits

State-owned companies saw pre-tax profits plunge by 44% this year to VND28.66 trillion (US$1.18 billion) mostly because of power monopoly Vietnam Electricity’s loss. Without EVN’s VND24.5 trillion loss, they would have recorded profits of VND53.26 trillion, up 11% year-on-year. “Some large state-owned firms such as EVN and Vietnam Airlines posted …

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