Leo Paper Products (Vietnam) Limited (Vietnam)

The subject was established and started its operations in 2019. The company specializes in manufacturing paper bags and paper cards. All of its products are reported to the USA and export processing companies in Vietnam. Last year, although the company was affected negatively by the Covid 19 epidemic, it still obtained significant business results, total sales reached VND 1,122.7 billion, higher by 2.3 times against 2020, and profit after tax was VND 34.9 billion instead of loss as the previous year. Noticeably, the company's owner's investment capital increased considerably, meanwhile, liabilities slumped, making the financial structure became safe. This early year, the company's production activity was still impacted by the Covid, yet after that the situation was restored, the company extended its workshop, total employees increased. Its business result in this year was expected to be better than last year, the subject's accountant staff shared.