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

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