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Telecom equipment maker profits

Update: July, 25/2012 - 10:19

HCM CITY — Telecommunications equipment provider SACOM Development and Investment Corp (SAM) reported that its second-quarter profit reached VND114 billion (US$5.4 million), an impressive improvement compared to a loss of over VND100.6 billion ($4.8 million) during the same period of last year.

The first-half profit rose to over VND158.6 billion ($7.6 million).

Its gross revenue was VND179.4 billion from April to June, a year-on-year increase of over 13 per cent. Of which, investments in the real estate sector earned the company over VND80.4 billion ($3.8 million) while reimbursement from provisional funds for finance contributed VND40.4 billion ($1.9 million)-VNS

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