​Gold bullion producer SJC reports 11 pct rise in profits – VnExpress International


By Thien Ngan  &nbspApril 20, 2021 | 02:40 pm GMT+7
​Gold bullion producer SJC reports 11 pct rise in profits  ​Gold bullion producer SJC reports 11 pct rise in profits - VnExpress International mua vang 24 4265 1613639402 1 5232 9228 1618885934

SJC gold bullion sold at a store in HCMC’s Binh Thanh District. Photo by VnExpress/Quynh Tran.


State-owned Saigon Jewelry Company reported a pre-tax profit of VND75 billion ($3.2 million) for 2020, up 11 percent from the previous year.

The company’s revenue rose 26 percent to VND23.49 trillion in 2020, but its financial expenses tripled because of provisions made for the loss of financial investments.

Established in 1988, SJC is a wholly state-owned enterprise belonging to Ho Chi Minh City. Revenues were up 26 percent at VND23.49 trillion, well below its target of VND25.7 trillion.

It has been the sole producer of gold bullion in the country since 2012, and has around 90 percent of the bullion market.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

​Gold bullion producer SJC reports 11 pct rise in profits – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF