Phu Tan Company Limited (Vietnam)

The subject is engaged in manufacturing cement, clinker. Besides, it also manufactures quartz stone plate. As revealed, it imports machinery, equipment from China and quartz stone powder from India. At present, most of products are supplied for domestic market and small rate is exported to India. Recently, due to being affected by the Covid-19 epidemic there was a decline in trade activities. The speed of goods movement was also slower. As a result, its business result narrowed significantly in 2020 but with enough capacity, its workers are not laid off (Ms. Nguyen Thi Van - chief accountant added).About financial side, the outbreak of Covid-19 Pandemic made orders from customer decreased. As result, net sales decreased by 8.83% to stand at VND 395.9 billion in 2020. the value of turnover was still low in comparison with the scale of total assets scale. Noticeably, profit wasn't generated from main business activities because revenue wasn't enough to cover the high cost. Instead of that, it derived from other income but the value was still humble. This item is explained by Ms. Van to be liquidition from old machines. Also according to Ms. Van, its turnover in the first 6 months of 2021 reached about VND 200 billion; a bit higher than the same period of the previous year.