SVC plans to cut investment in finance and property

Saigon general Service Joint Stock Co (SVC) said it targeted to reach 5 trillion dong in revenues this year, up 25 percent against 2010′s 4.188 trillion dong.

Also, its pre-tax profit is expected to gain 100 billion dong, down 7.7 billion dong or 7.18 percent compared to one year earlier and its dividend is estimated to be unchanged at 15 percent.

SVC will cut total assets, and ensure capital safety by reducing investment in real estate and finance by 300-500 billion dong.

Tags: Vietnam business news, Vietnam companies

Posted by VBN on Apr 4 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry