Sacombank earns consolidated gross profit of 516b dong in Q2

20-Aug-2011 Intellasia | Vietbiz24 | 7:01 AM Print This Post

Southern bourse-listed Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has recently announced its semiannual consolidated fiscal report with 1.47 trillion dong profit before tax, fulfilling 54.4 percent of the year’s plan.

In Q2, its consolidated net profit from services reached nearly 179 billion dong, but still falling 29 percent against the unconsolidated report. Its net profit from forex and gold trading activities posted a fall of 9.6 percent compared to the unconsolidated report and its net profit from state purchase also decreased nearly 40 percent.

Accordingly, its consolidated profit after tax (PAT) decreased strongly 24.5 percent from unconsolidated figure to reach only 516 billion dong.

Totally in Jan-Jun, STB’s net interest income reached 2.627 trillion dong and profit before tax was 1.47 trillion dong, equaling to 54.4 percent of the year’s target (2.7 trillion dong).


Category: Finance

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