Refrigeration Electrical Engineering reports record profit

By Phuong Dong   January 31, 2019 | 11:02 am GMT+7
Refrigeration Electrical Engineering reports record profit
Reetech air-conditioners are seen at its factories. Photo courtesy of REE

Refrigeration Electrical Engineering JSC reported a 23 percent rise in profits last year following strong performances by its energy and real property subsidiaries. 

The mechanical and electrical engineering giant, known commonly as REE, achieved profit before tax of VND2.12 trillion ($91.43 million), the highest since it listed on the Ho Chi Minh Stock Exchange in 2000.

Sales were up 2.1 percent at VND5.1 trillion ($220.16 million).

M&E supply and installation services accounted for over half the revenues, with the rest coming from over 30 subsidiaries and affiliates in real estate, commerce and power and water utility infrastructure.

 
 
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