Coal giant TKV records Q1 revenue of $1.7 bln

The Vietnam Coal and Mineral Industries Group (TKV) earned a revenue of VND44.34 trillion ($1.7 billion) in the first quarter of the year, according to its recent announcement.

The figure represents a 13% increase year-on-year.

In March alone, the group’s total revenue reached VND17.94 trillion ($690 million).

The group produced 10.5 million tons of raw coal and 10.8 million tons of clean coal in the three-month period, while sold 12.71 million tons of coal.

It generated more than 2.81 billion kWh of electricity, equal to 107% of the quarter plan.

The group targets to produce 10.15 million tons of raw coal in the second quarter of this year and generate 2.88 billion kWh of electricity.