A worker inspects glass bottles inside Sabeco’s glass manufacturing factory in Ba Ria-Vung Tau province (Photo: VNA) HCM City (VNA) – The Saigon Alcohol, Beer andBeverages Corporation (Sabeco), a leading brewer in Vietnam, will step up sellingthe State capital in this firm in 2017 as ordered by the Government and theMinistry of Industry and Trade.
Vo Thanh Ha, Chairman of Sabeco’s board of directors, madethe statement at the annual meeting of the firm’s shareholders in Ho Chi MinhCity on April 18.
Sabeco officially became listed on the HCM Stock Exchange inDecember 2016 with more than 641.28 million shares under the stock code SAB andan initial referential price of 110,000 VND (4.92 USD) per share.
At present, the company’s shares are among the most valuedin the stock market, increasing to 207,000 VND (9.27 USD) as of April 18.
Sabeco recorded total revenue of over 31.75 trillion VND (1.42billion USD) in 2016, exceeding its set goal by 11 percent. Meanwhile, pre-tax profitwas more than 5.7 trillion VND (255.3 million USD), surpassing the 2016 goal by28 percent.
That marks 2016 as one of Sabeco’s most profitable yearsince its establishment, according to the firm’s financial report.
Regarding this year’s business plan, Sabeco plans to sell over1.7 billion litres of beer, up 3.4 percent from 2016. It targets 34.47 trillionVND (1.54 billion USD) in consolidated revenue and 4.7 trillion VND (210.5million USD) in post-tax profit.-VNA
VNA
