SAM holding company suffers 131b dong loss in 9 months

28-Oct-2011 Intellasia | DVT | 6:40 PM Print This Post

Sacom Development and Investment Joint Stock Co (SAM) has recently announced its business results for Q3 with net revenue at 207.2 billion dong, up 9 percent from the same period last year.

However, as the original costs of goods for sales on revenue increased strongly from 85 percent to 94 percent, its gross profit decreased 61 percent on year to reach 11.5 billion dong.

The company continued another loss of over 10 billion dong from financial activities after nearly 98 billion dong loss in Q2 while in the same period last year it gained 27 billion dong profit.

After spending on relevant expenditures, the company posted a net loss of nearly seven billion dong in Q3 and after tax loss at nearly six billion dong. In Q2, the holding company posted a loss of 100 billion dong.

Totally in Jan-Sep, its net revenue reached 493.2 billion dong, down 16 percent on year and equalling to 41 percent of the year’s plan and it’s after tax loss in Jan-Sep was nearly 131 billion dong, down strongly against profit of 128.6 billion dong in the same period last year.

This year, the company expects to gain before tax profit of 232 billion dong.


Category: Business

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