SMC posts over 20b dong profit in Q1

Tuesday, May 6, 2008
The listed firm on Ho Chi Minh Stock Exchange, SMC Trade and Investment Joint Stock Co (coded SMC) recently reported the business result in the first quarter of this year with 1.007 trillion dong in revenue and 20.1 billion dong in profit, equalling to 40% of the whole year's target.
The company's business result in the first quarter of this year increased 89.6% in comparison with the same period of last year.
Notably, in April, the SMC signed two contracts to distribute 13,000 tonnes of steel for Taiwan-based Bao Gia Joint Stock Co's Bao Gia office building and another 9,000 tonnes for the first phase of Korea-based GS Engineering & Construction Corp's XI RiverView Palace apartment project in HCM City.