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Vietnamese tire maker Da Nang Rubber posts 123% gain YoY in Q1/2020 profit

Reported on April 23, 2020, Vietnamese tire producer Da Nang Rubber JSC’s post-tax profit soared 123% YoY to VND 37.4 billion (USD 1.6 million) in Q1/2020. Pre-tax profit was VND 46.8 billion, 96% of its full-year pre-tax profit plan.
Meanwhile, revenue slid 2.4% YoY to VND 803 billion, but production costs dropped 7....

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