Sabeco plans a decreased pre-tax profit in 2016

May 27, 2016 - 16:52

The local biggest brewer Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco) planned VNĐ35 trillion (US$1.56 billion) in sales this year, a 4 per cent increase over 2015 and a pre-tax profit of VNĐ4.2 trillion.

HÀ NỘI — The local biggest brewer Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco) planned VNĐ35 trillion (US$1.56 billion) in sales this year, a 4 per cent increase over 2015 and a pre-tax profit of VNĐ4.2 trillion.

According to the brewer shareholder meeting’s documents, the pre-tax profit represents a decrease of 6 per cent. It also expected to pay a dividend of 25 per cent this year.

Sabeco targeted production of 1.54 billion litres of beer including 96 per cent of Sài Gòn Beer.

According to Sabeco, the lower profit was due to higher consumption tax rate for beer, which increased from 50 per cent to 55 per cent in 2016.

Until now, the brewer with about 90 per cent of State-holding stakes was not yet listed on the local exchange.— VNS

Tags profit Sabeco less bewer

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Local retailers still ignoring traditional market channels

The landing of imported goods in the local traditional markets is inevitable as the Made-in-Vietnam products, favoured by Vietnamese due to their age-old habits, are being ignored by local retailers.

Economy

EU-funded project for shrimp development

The International Collaborating Centre for Aquaculture and Fisheries Sustainability and Oxfam have kicked off a project for sustainable and equitable shrimp production and value chain development in the Cửu Long (Mekong) Delta.

Economy

Low confidence pulls stocks down

Vietnamese shares returned to negative territory on both local markets yesterday as investors remained worried about a possible US interest rate increase in June and slower recovery of China’s economy.

Economy

Deal to help VN textile companies go global

TUV SUD, one of the world’s leading service providers in testing, inspection, audit and certification yesterday signed a memorandum of understanding (MOU) with the HCM City Association of Garment Textile Embroidery and Knitting (AGTEK) to help its members access global markets.

Economy

Dollar deposit rate of above 0% proposed

The central bank should evaluate the possibility of raising the interest rate on US dollar deposits instead of keeping it at zero per cent as it currently is to avoid side effects.

Economy

Exporting produce to Korea

A seminar and business meeting themed “Korean food market access”, supporting Vietnamese businesses boost farm product exports to the South Korean market, was held in Hà Nội on May 24, 2016.

Economy

HCMC suggested for VSE

HCM City Party Secretary Đinh La Thăng yesterday repeated his wish to locate the Việt Nam Stock Exchange (VSE) in HCM City at a meeting held with Deputy Prime Minister Vương Đình Huệ in the city.

Economy

Consumer Price Index up 0.54% in May over April

The consumer price index (CPI) in May rose 0.54 per cent over the last month, the General Statistics Office (GSO) reported yesterday.

Economy

HCM City leader welcomes US businesses and investors

HCM City committed to create the most favourable conditions for the US businesses as well as international investors for the benefits of both enterprises and the city.