Thursday, May 03, 2007

Sagimexco expects this year's revenue to increase by 11%

Vietnam's shrimp-flavoured cake maker Sagimexco (SGC) said on Thursday it expected its revenues to rise nearly 11% to 98 billion dong ($6.1 million) this year.

The Dong Thap province-based company said in a statement published by the Ho Chi Minh City Securities Trading Center its gross profit this year should be 18 billion dong ($1.1 million), unchanged from 2006.

On Thursday, shares in Sagimexco closed unchanged at 46,000 dong ($2.85), or 34.8% below their year high of 70,500 dong.

Source: Reuters

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