Vietnam Cement firm SDG net profit falls 37% in Jan-Sept

Vietnam Cement firm SDG net profit falls 37% in Jan-Sept
Published: 12 October 2011

Sadico Cantho JSC (SDG), listed on the Hanoi Stock Exchange, said it made a net profit of VND12.13bn (US$581,400) in the first nine months of this year, falling 37% from a year earlier and meeting 75% of its full-year target.

Revenues rose 17% on year to VND198.37bn during Jan-Sept, fulfilling 99% of its plan for 2011, it said in a quarterly financial report.

Its financial costs increased 3.3% on year to VND8.6bn.

The nine-month earnings per share was VND1866, down 37% on year.

SDG earned a net profit of VND4.5bn on revenues of VND65.7bn in the third quarter.