Khanh hoa 24

Vinaconex Water Supply Jsc (Viwasupco) reported revenues of almost VND264 billion ($11.43 million) and a gross profit of VND151 billion ($6.51 million) in the first half of this year, a 57 percent gross profit margin. It has seen steady growth since 2012 with demand for water rising as the Hanoi population surges with urbanization. Over the next six years its pretax profits almost quadrupled.   Revenues from supplying tap water last year were worth VND469 billion ($20.31 million), while pretax profits were over VND230 billion ($9.96 million). With an equity of almost VND1 trillion ($43.31 million), the company has a return on equity ratio of 24 percent, among the highest of any listed company. The figures are also far superior to any other water supplier’s in. The company’s gross profit margin of 57.2 percent is higher than that of Ho Chi Minh City’s three water suppliers of 31-37 percent. Viwasupco supplies water to the southwestern part of Hanoi comprising … [Read more...] about Hanoi water supplier’s soaring profits

One of the five distributors that get their water from Viwasupco also said that an announcement of the water quality would have to come from authorities later. "We have re-supplied water normally. Whether the water is safe enough or not, Hanoi's Department of Health and scientists will make an announcement," said director Nguyen Huu Toi of the Viwaco Joint Stock Company (Viwaco). The water supply was cut on Tuesday as Viwasupco said it needed to clean its pipes and reservoirs following findings of oil contamination. Water has been resupplied to its over 147,000 customers in the southwestern part of the capital, including the districts of Thanh Xuan, Nam Tu Liem and Cau Giay.  However, the administrations of several apartment complexes in Thanh Xuan and Cau Giay Districts have continued to advise their residents against using the water for drinking and cooking. Another Viwasupco distributor, the Ha Dong Water One-Member Limited Liability Company (Hadowa), has also … [Read more...] about 250,000 Hanoi families get tap water again, safety announcement pending