Southern seed firm posts 7.8b dong profit in Q1

Wednesday, May 21, 2008
Ho Chi Minh Stock Exchange listed firm, Southern Seed Joint Stock Co (coded SSC) recently reported the business result during the first quarter of this year with 41.28 billion dong in net revenue from sales and services provision, rising 19.4% against 2007 and 7.8 billion dong from after tax profit, up 3.57% on 2007.

The company specialises in researching and producing seeds, seed export and import sectors and agriculture materials.

This year, the firm targets 177.163 billion dong in revenue and 25.518 billion dong from after tax profit. SSC also plans to invest 13.485 billion dong and US$5 million in projects within this year.

Closing the trading session on May 19, SSC-coded shares jumped 500 dong or 1.79% to 28,400 dong per share with 32,370 shares being transferred.