SMC Investment says Jan-April net income down 50 percent

SMC Investment Trading Joint-Stock Co., a steel trader, said net income fell 50 percent year on year to VND13 billion (US$731,000) in the first four months.

Sales fell to VND1.3 trillion, the company said in a statement on the Ho Chi Minh Stock Exchange after the market closed on May 15. The Ho Chi Minh City-based company reported sales of VND1.5 trillion the same period last year.

The statement did not give a reason for the declines.

Vinh Bao

thanhnien

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