Sabeco makes $3.9 million a day from beer sales
In this article (5)
Vietnam’s biggest brewer Sabeco reaped VND90 billion ($3.87 million) in revenue a day in January-September, a double-digit rise. In its latest financial report, the Saigon Beer Alcohol Beverage Corp reported revenues of over VND28.3 trillion ($1.22 billion) in nine months, up 10 percent year-on-year. Revenue from beer in the period accounted for 86 percent of total, or VND24.3 trillion ($1.04 billion).
In the third quarter alone, post-tax profit was highest among all brewers in Vietnam at almost VND1.46 trillion ($62.76 million), up over 40 percent year-on-year.
Sabeco has paid almost VND8.2 trillion ($352.46 million) in taxes this year. Its total capital as of Q3 was VND24.78 trillion ($1.07 billion), up 10.7 percent from the beginning of the year.
Sabeco is owned 53.59 percent by Vietnam Beverage, a subsidiary of Thai beverage company ThaiBev. The Vietnamese government, represented by the Ministry of Industry and Trade, owns a 36 percent stake in the company.
ThaiBev has said earlier that Sabeco is its key growth driver in Southeast Asia as the region’s consumption slows down.
Vietnam consumed 4.1 billion liters of beer in 2017, making it the biggest alcohol market in Southeast Asia and the third biggest in Asia after Japan and China, according to the Ministry of Health.
Questions & Answers
Q.What proportion of Sabeco's total revenue comes from beer sales?
What proportion of Sabeco's total revenue comes from beer sales?
Revenue from beer accounted for 86 percent of Sabeco's total revenue during the January-September period. This translated to VND24.3 trillion ($1.04 billion) in sales specifically from beer products.
Q.How much has Sabeco contributed in taxes this year?
How much has Sabeco contributed in taxes this year?
Sabeco has paid almost VND8.2 trillion, which is approximately $352.46 million, in taxes this year. This figure reflects their financial contributions to the government.
Q.Who are the main owners of Sabeco?
Who are the main owners of Sabeco?
Vietnam Beverage, a subsidiary of ThaiBev, owns 53.59 percent of Sabeco. The Vietnamese government, through the Ministry of Industry and Trade, holds a 36 percent stake in the company.
Q.Why is Sabeco considered important to ThaiBev?
Why is Sabeco considered important to ThaiBev?
ThaiBev has stated that Sabeco is its key growth driver in Southeast Asia. This is particularly significant as overall consumption in the region has been slowing down.
Reader pulse
Is Vietnam still a growth market?
22,211 votes so far