The coal sector alone generated more than 16.88 trillion VND (725.84 million USD) in the first quarer of this year, up 13 percent year-on-year. (Photo: VNA) Quang Ninh (VNA) – The VietnamNational Coal-Mineral Industries Holding Corporation Limited (Vinacomin) recordedits best production and business in the first quarter of this year since 2014,Vinacomin Deputy General Director Nguyen Hoang Trung has said.
Trung reported at a conference in thenorthern province of Quang Ninh on April 9 that the group earned 31.2 trillionVND (1.34 billion USD) in total revenue, 24.4 percent of the yearly target and up2.8 percent year-on-year.
It posted a profit of more than 1 trillionVND (43 million USD), equivalent to 33 percent of the yearly target, andcontributed 5.75 trillion VND (247.25 million USD) to the State budget,fulfilling 33 percent of the set target, he said.
The coal sector alone generated more than16.88 trillion VND (725.84 million USD), up 13 percent over the same periodlast year.
During the period, the group churned out10.79 million tonnes of coal, up 1.12 million tonnes compared with thecorresponding time last year.
It sold 10.5 million tonnes of coal in thequarter, 25 percent of the year’s target and up 10 percent year-on-year, with10.46 million tonnes delivered domestically.
Coal demand for the production ofelectricity, cement and fertilisers is expected to increase, so Vinacomin willmaintain coal production and consumption at the highest level in the secondquarter to meet demand.
It also aims to complete from 54-55 percentof the yearly target in the first half of this year. The group plans to produce10.8 million tonnes of coal and sell 12.2 million tonnes in the second quarter.-VNA
VNA
