First half loss pushes Tribeco (TRI) to two-month low

Saigon Beverages Joint-Stock Co., also known as Tribeco, a company that cans soy milk and soft drinks, fell Thursday to the lowest in more than two months after saying it posted a loss in the first half.

The stock fell 2.8 percent to VND10,600, the lowest level since May 26.

Tribeco had a loss of VND39 billion (US$2.2 million) in the first six months, ended June 30, it said in a statement filed on the Ho Chi Minh Stock Exchange’s website.

In February, Tribeco was placed under scrutiny by the Ho Chi Minh Stock Exchange, where the company is listed, after reporting a loss of VND145 billion for 2008.

thanhnien, bloomberg

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