CSG: Business Result in Quarter 2/2009

Sai Gon Cable Corporation (CSG) disclosed business result in Quarter 2/2009 as follows:

To gain good results in Quarter 2, the company restructured capital and purchased a large quantity of copper materials in Quarter 1/2009. In the beginning of Quarter 2/2009, SCC also continued to buy copper at a low price for production in the last six months (the time when SCC has a lot of orders). 

“SACOM LAND”, a joint-venture project with SACOM (SACOM contributes VND10 billion), has been built and expected to take revenue in late 2009.

Procedures of ARECO – TBS Project (SACOM contributes 50% capital) was completed.The project will begin being constructed in Quarter 3/2009 and come into business in 2010, with expectation of VND240 billion in revenue and VND48 billion in profit. 

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