05:42 (GMT +7) - Sunday 20/10/2019

Business

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.

User comment (0)

Send comment

Latest

Digital growth ecosystem needed for online businesses
Digital growth ecosystem needed for online businesses