HCM CITY (Biz Hub) — SMC Investment Trading Joint Stock Company (SMC) recorded a loss of VND195 billion (US$8.7 million) last year, as the company saw a net profit of VND5 billion ($222,200) in the fourth quarter.
In the final quarter of 2015, SMC took in revenues of VND2.05 trillion ($91 million), nearly half of the figure in the fourth quarter of 2014 as market prices decreased sharply, dragging down company sales. However, the company managed to earn a net profit of VND5 billion ($222,200) in the fourth quarter of last year, as its quarterly expenses decreased significantly, such as its financial expenses, selling expenses and management expenses. — VNS