SASCO profits up 44%

tohang

Southern Airport Services Company (SASCO), reached a net revenue of VND1.479 trillion (US$66 million) and a profit after tax of VND126.3 billion ($5.5 million) in the first three quarters.

SASCO is operating 20 duty free stores at Tan Son Nhat International Airport. — File Photo

HA NOI (Biz Hub) — Southern Airport Services Company (SASCO), reached a net revenue of VND1.479 trillion (US$66 million) and a profit after tax of VND126.3 billion ($5.5 million) in the first three quarters.

Listed in HCM City Stock Exchange with the code of SAS, the company said compared to the same term last year, the revenue was 2 per cent lower while the profit after tax was 44 per cent higher.

SASCO is now operating 20 duty free stores at Tan Son Nhat International Airport together with other airport service businesses.

Currently, the Airport Corporation of Viet Nam, representing State investment, owns a 51 per cent stake in SASCO. A group of enterprises relating to Johnathan Hanh Nguyen Imex Pan Pacific Group - Union Pacific Import and Export, Duy Anh Fashion and Cosmetics and Fashion and Cosmetics Europe own a 23.6 per cent stake.

On November 10, SAS shares closed at VND34,500 ($1.5) in the HCM City Stock Exchange. — VNS


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