SASCO reports first ever loss

22/07/2021 13:46 8

SASCO reports first ever loss

Southern Airports Services JSC reported its first ever quarterly loss as income from investments plummeted. -

It achieved a post-tax loss of nearly VND14.5 billion (625,000) on revenues of VND117 billion, a year-on-year decrease of 36 percent. There was a sharp decline in deposit interest, dividends and profits from stakes it owns in other businesses, with revenues falling by 81 percent to VND 23.2 billion.

Three companies related to Johnathan Hanh Nguyen, its chairman, own more than 45 percent of SASCO.

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