State Capital reports 1tr dong pre-tax profit

Tuesday, May 27, 2008
The State Capital Investment Corp (SCIC) recently posted 1.15 trillion dong in revenue and 1.041 trillion dong from pre tax profit in 2007.

Last year, SCIC handed over 7.472 trillion dong of state capital for 845 enterprises. Of which, central departments and ministries transferred capital in 137 enterprises with the total capital of 4.714 trillion dong and provinces and cities was 708 enterprises with the total capital of 2.758 trillion dong.

SCIC sold the state capital part of 34 firms worth 73 billion dong and brought to the state 390 billion dong.

According to the prime minister's direction, recently SCIC bought shares in the stock market in order to stabilise the market situation. However, so far, the exact figures have not unveiled yet.