SBT: Explanation for the fluctuation of business result in Q2.2019-2020

Thanh Thanh Cong - Bien Hoa Joint Stock Company explains the fluctuation in the consolidated financial statements in the fiscal year 2019 – 2020 (from 10/01/2019 to 12/31/2019) compared to the same period of last year as follows:

      The Company’s consolidated profit after tax of the second quarter in the fiscal year 2019 – 2020 increased by VND 9 billion and accumulated six months of 2019-2020 increased by VND 45 billion compared to the same period because of the following causes:  

-       Sugar consumption increased by 32% compared to the previous year and the company continues to maintain the growth rate in business operations, aiming to expand market share this year.

-       Besides, in the second quarter of 2019-2020, SBT reduced VND 41 billion in financial expenses, showing a successful first step in the roadmap to restructure capital resources, increasing competitiveness with other Large Sugar Enterprise in ATIGA area.

HOSE

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