Friday, June 23 2017

VietNamNews

SCIC sells stakes in 13 companies

Update: June, 06/2017 - 16:00
SCIC owns stakes in 141 enterprises with a total State capital worth more than VNĐ18.9 trillion in book value out of the total charter capital of VNĐ93.16 trillion. — Photo laodong.com.vn
Viet Nam News

HÀ NỘI — The State Capital Investment Corporation (SCIC) has successfully sold its stakes in 13 companies in the first five months of this year to collect VNĐ148 billion (US$6.5 million).

This was VNĐ46 billion higher than their cost price.

In May alone, SCIC collected VNĐ53 billion by selling stakes in five companies.

As of today, SCIC owns stakes in 141 enterprises with a total State capital worth more than VNĐ18.9 trillion in book value out of the total charter capital of VNĐ93.16 trillion.

SCIC will continue to focus on improving corporate governance and restructuring to enhance the operational efficiency of the firms in its portfolio.

The corporation reported a revenue of VNĐ639 billion in the first quarter of this year, equivalent to 22 per cent of the revenue of the same period last year, with a pre-tax profit of VNĐ584 billion.

This year, SCIC has targeted VNĐ11.2 trillion in revenue and VNĐ8.33 trillion in pre-tax profit. — VNS

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