As of end-September, Sabeco pays totally $350 million tax, up 13%

Thanks to the production volume growth and product price increase, Vietnam's leading beer producer recorded third quarter revenue at $418 million, up 14% against third quarter last year, according to its consolidated earning report.  

The third quarter earning per share is at VND2,062 or $0.09/share, up 44.5% against the same period of last year. The company’s short-term bank deposit was reported at $479 million, in creased by 48% from the beginning of 2019.

In the nine-month period, the beer maker collected $1.2 billion in revenue, increased by 10.3% and $183.5 million after-tax, up 23% year on year and fulfilling 91% of whole-year goal.

After-tax profit for the nine-month period increased from last year as a result of higher revenue as well as cost savings and higher finance income. 

End of September, Sabeco’s total assets reached $1.06 billion, an increase of $103.4 million thanks to accumulated undistributed profits. The company used the money for increasing short-term bank deposit.

As of September 30th, the beer maker paid totally $350 million tax and $244.5 million of the amount was special consumption tax. The remaining tax payable is $42.9 million.