Mattress giant Vua Nem makes profits in H1

By Anh Tu   September 5, 2023 | 04:31 am PT
Mattress giant Vua Nem makes profits in H1
A product promotion photo of Vua Nem.
Vietnam's biggest mattress seller Vua Nem recorded a profit of VND3 billion (US$124,400) in the first six months this year after recording nearly VND55 billion in losses last year.

By the end of June, its equity had increased marginally from the beginning of the year to VND108 billion.

In the period it paid nearly VND9 billion in interest for bonds issued in the middle of last year with a maturity of 24 months.

Vua Nem boasts over 140 stores nationwide and sells a variety of bedroom products including mattresses, beds, pillows and blankets.

It was established as a startup in 2007 and in 2017 was restructured by Mekong Capital.

 
 
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