VINACHEM

In Q1/ 2022, Production and Business of Group on strong growth with high Revenue and Profit. Under the condition of Russia-Ukraine conflict, high prices of energy and raw materials along with the situation of the Covid-19 epidemic disrupting transportation, restricting trade, restricting the import and export of goods between countries around the world, affects the recovery process and puts great pressure on the macro-economy.

Vinachem has made efforts to overcome difficulties and achieved better results than the same period last year, specifically: Industrial production value calculated at current prices in March was estimated 6,463.7 billion VND, up 49% compared to the same period; Accumulated in Q1/2022 was estimated 14,967.3 billion VND, up 37.1%. Revenue Q1/2022 was estimated 16,837 billion VND, up 36.7%.  Gross Profit in March was estimated 1,354 billion VND; Accumulated of Q1/ 2022 interest was estimated  2,243 billion VND. Profits of 03 unit members in 1468 project ((1)Ha Bac Nitrogenous Fertilizer and Chemical JSC Company (HANICHEMCO), (2)Ninh Bình Nitrogenous Fertilizer and Chemical Limited Company, (3) DAP No 2 – Vinachem Joint Stock Company (DAP No 2 – Vinachem)) in March was estimated 984.7 billion VND, Accumulated in Q1/2022 was estimated 1,510 billion VND; The rest of unit members in Q1/2022 was estimated 732.7 billion VND, up 54.5%. 

In Q1/2022, the Group produced and supplied to the market over 824,000 tons of fertilizers of all kinds; 887,490 auto tires; more than 5.7 million motorcycle tires and tubes; 70 thousand tons of detergents and many chemical products for production demand and social life.