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Nov 1, 2010

Construction firm earns net profit of 5.3b dong in July-Sep

VNStockNews.com - Sao Mai Investment and Construction Joint Stock Co (coded ASM) announced to reach after tax profit of 5.3 billion dong inQ3.


However, the company's accumulative profit in Jan-Sep was estimated at about 106 billion dong, up 352 percent year-on-year.

In details, the company reported gaining Q3 net revenue of 78 billion dong and after tax profit of 5.3 billion dong.

The accumulative revenue in the first nine months was estimated at 411.7 billion, down 9 percent against the same period of last year. Thank to low principal sales cost, the company announced to reach pre-tax profit of 132.9 billion dong, five times higher year on yar.

After deducting over 26.9 billion dong of tax, ASM posted net profit of 106 billion dong, up 352 percent against that of last year, with EPS of 10,693 dong.

The company also announced to adjust the method of issuing over 30 million shares to raise chartered capital from 99.12 billion dong to 401.5 billion dong.

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