The company reported a net profit of nearly 2 billion dong in the first quarter of 2021. The company converted its loss into profit compared to the same period last year. Bac Na Electricity (HNX: EBA) has just announced its business results for the first quarter of 2021. The company brought in nearly 17 billion dong of net revenue, up 37% over the same period last year. According to the EBA, heavy rainfall has helped increase electricity generation revenue. Gross profit brought in more than 9 billion, up 69%.
As a result, EBA converted a loss of nearly 520 million dong in the first quarter of 2020 into a net profit of nearly 1.8 billion dong in the first quarter of this year. This is also the second consecutive quarter that the business converts losses into profits.
As of March 31st, EBA has total assets of 452 billion dong, not too volatile after the first 3 months of the year. Receivables are currently 6.1 billion, down 28%.
Source: ndh.vn – Translated by fintel.vn