Vietnam SCJ net profit up 4.93%

Vietnam SCJ net profit up 4.93%
Published: 28 July 2010

Sai Son Cement Joint Stock Company (SCJ), listed on the Hanoi Stock Exchange, said it made a net profit of VND22.27bn (US$1.17m) in the first half of this year, rising 4.93% from a year earlier.

Its revenues rose 3.93% on year to VND140.43bn during the period, the firm said in its quarterly financial report.

In the second quarter, SCJ’s net profit grew 14.42% on year to VND13.38 billion while revenues edged up 4.79% to VND75.39bn.

The cement firm targets a net profit of VND45bn and revenues of VND298.21bn in 2010, up 0.5% and 6.5% on year, respectively, and a dividend payout at VND2,400/share at least.