SBT: Net Profit Falls 48% to VND95Bln in Q1/2012

The HOSE-listed company generated net revenue of VND637.4 billion in the quarter, against VND546.3 billion from a year earlier.

Despite its higher sales, the company’s lower profit was attributed to a 85.7% on year increase in selling expenses, 53.3% on year rise in general and administrative expenses in the period.

The company had total assets of VND3 trillion at the end of the quarter, against VND2.3 trillion at the beginning of this year.