Thursday, December 3 2020

VietNamNews

Largest brewer sees revenue down, profit up in Q3

Update: October, 31/2020 - 09:26

A production line of Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco). Sabeco plans to achieve VNĐ23.8 trillion in revenue, VNĐ3.25 trillion in post-tax profit this year, down 37 per cent and 39 per cent compared to results achieved in 2019. — Photo courtesy of Sabeco

 HÀ NỘI — Việt Nam’s biggest brewer Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco) reported revenue down 17 per cent and post-tax profit up 1 per cent in the third quarter of this year.

They respectively reached VNĐ8 trillion and VNĐ1.47 trillion.

Gross profit margin increased from 24.6 per cent to 30.7 per cent.

Although revenue declined compared to last year, it was up from the previous quarter thanks to the recovery of the market after the COVID-19 pandemic. It attributed the growth in profit to better cost management.

In the first nine months of this year, Sabeco recorded revenue of VNĐ20.1 trillion, after-tax profit reached VNĐ3.4 trillion, down 29 per cent and 20 per cent, respectively, compared to the first nine months of 2019.

Thus, after the first nine months, the company completed 84 per cent of the annual revenue plan and nearly 105 per cent of the profit plan.

Sabeco plans to achieve VNĐ23.8 trillion in revenue, VNĐ3.25 trillion in revenue and post-tax profit this year, down 37 per cent and 39 per cent compared to results achieved in 2019.

As of September 30 this year, Sabeco’s total assets increased by 2.7 per cent to VNĐ27.7 trillion. Of which, cash and short-term financial investments reached VNĐ17.5 trillion, accounting for 63.2 per cent of total assets.

Fixed assets reached VNĐ4.8 trillion, accounting for 17.4 per cent of total assets. Long-term financial investment reached VNĐ2.27 trillion, accounting for 8.2 per cent of total assets. Inventory totalled VNĐ1.7 trillion, accounting for 6.2 per cent of total assets. — VNS

Send Us Your Comments:

See also: