SABECO posts record after-tax profit in 2022

HÀ NỘI — The Saigon Beer-Alcohol-Beverage Corporation (SABECO) has reported an impressive  四0 per cent increase in after-tax profit for  二0 二 二, reaching a record high of VNĐ 五. 五 trillion.

In its financial report, the brewer saw revenue jump  三 三 per cent from  二0 二 一 to VNĐ 三 五. 二 四 trillion (US$ 一. 五 billion) last year as consumption bounced back after two years of COVID- 一 九.

In  二0 二 二, the company spent more than VNĐ 三 trillion on marketing and promotion activities, increasing VNĐ 八 七0 billion compared to  二0 二 一 and double that of  二0 一 九.

SABECO said the results were because they have implemented many sale support progra妹妹es and marketing activities to promote beer sales. In addition, they have also improved production effectiveness and cost-saving measures to reduce the impacts of increasing input costs.

Earlier, SABECO set targets of VNĐ 三 四. 八 trillion in revenue and VNĐ 四. 六 trillion after-tax profit in  二0 二 二; with the results, they surpassed all set targets.

As of December  三 一,  二0 二 二, SABECO’s total assets reached VNĐ 三 四. 四 trillion, increasing  一 三 per cent from the beginning of last year.

In  二0 一 七, ThaiBev bought  五 四 per cent of shares at SABECO for a total amount of $ 四. 八 billion

With a value of $ 二 六 billion, Việt Nam is the biggest beer market in Southeast Asia and the third in Asia behind China and Japan, according to  二0 二 一 figures. VNS

 

SABECO posts record after-tax profit in 2022