22:34 (GMT +7) - Friday 09/12/2016

Banking & Finance

SCIC releases first half results

Released at: 16:13, 03/08/2015

SCIC releases first half results

State Capital Investment Corporation has healthy first six months.

by Hung Nguyen

The State Capital Investment Corporation (SCIC) has announced its business results for the first half of the year.

Total revenue was VND4.93 trillion ($226.04 million), an increase of 62 per cent against the same period last year and representing 63 per cent of the annual plan.

Profit after tax was VND3.58 trillion ($164.14), 54 per cent higher than in the first half of last year.

Mr. Hoang Nguyen Hoc, Deputy General Director, said the SCIC achieved 79 per cent of the targeted revenue from selling capital, an increase of 2.7-fold year-on-year. The SCIC has re-invested in enterprises and sectors that are important for the development of Vietnam’s economy, he added, focusing on large-scale projects with long-term potential. 

User comment (0)

Send comment