Sacom Investment and Development Joint Stock Co (STC-listed SAM) reported gaining net profit of 846 million dong in Q3, in comparison with the same period last year of 50 billion dong.
According to the latest financial reports, in Q3, the company posted net revenue of 151.4 billion dong, down 23 percent year-on-year while consolidated profit was 23.3 billion dong.
The revenue gained from financial activities slumped sharply to 6.2 billion dong, equivalent to 12.6 percent of the same period last year. The financial costs dropped by 6 percent but management costs surged by 2.7 times.
Therefore, the after tax profit in Q3 was posted at 846 million dong.
Accumulatively, after the first nine months, Sacom estimated to reach total net revenue of 447.4 billion dong, down 27.3 percent but suffered loss of 111.7 billion dong.
In 2011, SAM set target to reach whole year revenue of 1.2 trillion dong and pre-tax profit of 232 billion dong.