SAM: Posts VND188Bln Consolidated Net Loss in 2011

The company generated net revenue of VND732 billion in the year, down 8% from 2010 and meeting 61% its full-year target.

The fiscal 2011 saw a loss of VND187 billion from financial activity, selling expenses and general and administrative expenses respectively increased 30% and 114% from a year earlier.

The company posted VND1 billion other profit while reported a loss of VND4.6 billion from associated companies in the year.

In Q4/2011, the HOSE-listed firm posted VND76.5 billion consolidated net loss on VND284.4 billion revenue.