SCIC profit strongly increases in 2017

SGGP
State Capital Investment Corporation (SCIC)’s pre-tax an after-tax profit was expected to hit VND6,616 billion (US$291.21 million) and VND6,313 billion last year, accounting for over 133 percent and nearly 136 percent of the year plan.

SCIC profit strongly increases in 2017

That was revealed yesterday by deputy director general of SCIC Nguyen Chi Thanh who said that SCIC revenue reached VND7,380 billion (US$325 million) as of December 31, 2017.
According to Mr. Thanh, SCIC successfully divested VND4224 billion state capital from 38 enterprises the sold value of VND932 billion. The value reached VND21,208 billion if counting the first sale of 5.4 percent of Vinamilk chartered capital. Vinamilk is the largest dairy company in Vietnam.
Since being established until now, SCIC has sold state capital at 986 enterprises and sold purchase right at 19 others with the total capital of VND8,084 billion and sold value of VND27,999 billion.

By NGOC QUANG – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.