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SVC: Estimated business result in the first six months 2010
Saigon General Service Corporation (SAVICO) has announced estimated consolidated result in the first six months 2010 as follows:
* Total estimated revenue is 1,671 billion dongs (Reaching 42% of the 2010 plan and increasing 46% of comparison with the same period in 2009).
* Estimated profit before tax is 40.6 billion dongs (Reaching 40.6% of the 2010 plan and increasing 56% of comparison with the same period in 2009).
* Consolidated sales volume of cars business in 06 months 2010 increased 34% of comparison with the same period in 2009, reached 8.5% of VAMA market share and increased 1.9% of comparison with the same period in 2009 including 23% of Toyota market share, 24% of Ford market share, 15% of Suzuki market share. However, profit before tax decreased 27% of comparison with the same period in 2009 because the company expanded sales system and put into operation of new companies: Toyota Can Tho, Hyundai Thanh Pho, Ben Thanh Ford, Hyundai Song Han, Toyota Trading Center and the companies did not receive preferential ratio in demand stimulating policy from the Government.
* Beside, the company has implemented Khahomex – Savico at 56 Ben Van Don, Mercure Son Tra Resort, Hiep Binh Phuoc-Tam Binh Urban Area, 91 Pasteur and will put them into operation in the last 2010.
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