Sabeco plans a decreased pre-tax profit in 2016
HÀ NỘI — The local biggest brewer Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco) planned VNĐ 三 五 trillion (US$ 一. 五 六 billion) in sales this year, a 四 per cent increase over 二0 一 五 and a pre-tax profit of VNĐ 四. 二 trillion.
According to the brewer shareholder meeting’s documents, the pre-tax profit represents a decrease of 六 per cent. It also expected to pay a dividend of 二 五 per cent this year.
Sabeco targeted production of 一. 五 四 billion litres of beer including 九 六 per cent of Sài Gòn Beer.
According to Sabeco, the lower profit was due to higher consumption tax rate for beer, which increased from 五0 per cent to 五 五 per cent in 二0 一 六.
Until now, the brewer with about 九0 per cent of State-holding stakes was not yet listed on the local exchange.— VNS