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SABECO's profit surges

Released at: 22:02, 12/03/2016

SABECO's profit surges

HCMC brewer sees profit up 25.5% in 2015.

by Hong Nhung

The Sai Gon Beer-Alcohol-Beverage Joint Stock Corporation (SABECO) earned nearly $153 million in after-tax profit in 2015, a 25.5 per cent increase against 2014.

The company has just released its 2015 consolidated financial report, showing full-year turnover increasing 2 per cent year-on-year to $361 million. Sales rose 2 per cent to $335 million, pushing gross profit up 2.5 per cent from 2014 to more than $26 million.

Revenues from financial operations stood at $163 million, a year-on-year increase of 21.3 per cent, while the share dividend was up $26.5 million to nearly $147 million.

Last year the company spent $26 million on sales efforts, down 15.3 per cent, while management spending rose to $15.3 million, up 73.3 per cent against 2014.

SABECO’s total assets were valued at $690 million, down 3 per cent, and accounts payable, including short-term and long-term debt, fell significantly, by 47 per cent, 47.5 per cent, and 35 per cent, respectively, against 2014.

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