BCG: Profit after tax was more than 15 billion dongs in the first quarter of 2016, reaching 20% of the year target

05/05/2016

BCG recorded its business operating results in which consolidated net sales was 265,7 billion dongs and profit after tax was more than 15 billiondongs, reaching 20% of the plan in 2016.

Specifically, BCG’s net revenue from activities of services and sales in Quarter I, 2016 was 265,7 billion dongs, up nearly double compared to the same period in 2015. Meanwhile, the cost of capital was 225 billion dongs, accounting for 84,7% of net revenue. Gross profit was 40,8 billion dongs, up more than five – fold compared to the same period last year, corresponding to the gross profit margin of 15,4%. In addition, revenue from financial activities was 18,5 billion dongs. Consolidated profit after tax was 15,1 billion dongs, reaching 20% of the 2016 target, up 2,5 times compared to Quarter I, 2015.

In 2016, BCG keeps investing in M & A with the strong growth of  sales target up to 87%  in 2016 compared to the year 2015, reaching 1.830 billion dongs  while profit after tax is nearly 76 billion dongs and up to 26%. In the implementation of Resolution made in the 2016 Shareholders’ General Meeting on the capital increase, BCG has filed to the State Security Commission of Vietnam to request for an additional issuance of shares to existing shareholders at a ratio of 1:1.5 as well as for dividend payment in shares at rate of 8%./.