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Sabeco, the brewer of Saigon Beer, saw profits plunge 32% year-on-year to VND1.2 trillion ($50.7 million) in the second quarter as rising competition pumped up its marketing expenses. Fierce competition with international brewers forced the company to spend…
Sabeco has partnered with SP Group, a leading utilities group in the Asia Pacific, for the second phase of its rooftop solar energy system installation and operation. Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and SP Group signed a Memorandum of…
Brewer Sabeco said its after-tax profit rose by 40% last year to VND5.5 trillion. Vietnam’s biggest brewer had net revenues of VND34.98 trillion, an increase of 32% from 2021. These are significant achievements compared to the 2021 results. The 2022 profit…
Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was…
Vietnam’s biggest brewer Sabeco gained after-tax profits exceeding VND4.42 trillion ($1=VND24,800) in the first nine months of 2022, a year-on-year surge of 75%. Sabeco’s revenues surpassed VND25.1 trillion, up 44% on-year, according to its latest financial…
Thai company ThaiBev has dismissed rumors it wants to sell Vietnam’s biggest brewer Sabeco. “It’s our crown jewel, a rare asset among all brewing assets in the region,” said Thapana Sirivadhanabhakdi, CEO of ThaiBev Group, as said at the company’s annual…
Vietnam’s largest brewer Sabeco reported post-tax profits of VND1.79 trillion ($76.6 million) for the second quarter, the highest since ThaiBev acquired it in 2017. It represented a 67 percent increase year-on-year, while revenues were up 25 percent to VND9…
Vietnam’s largest brewer Sabeco said after-tax profit fell by over VND1 trillion (US$443 million) last year to VND3.93 trillion, the lowest since it was acquired by a Thai billionaire. Its revenues were VND26.37 trillion, a decline of 6 percent. Thaibev owned…
Vietnam’s largest brewer Sabeco saw its H1 post-tax profit fall 31 percent year-on-year to VND1.93 trillion ($83 million) over Covid-19 pandemic impacts. Revenues fell 35 percent to VND12 trillion ($518 million), 89 percent of it from beer, and the rest from…
Post-tax profits surged 22 percent year-on-year for Vietnam’s largest brewer Sabeco, reaching VND5.37 trillion ($231.96 million), its highest annual profit ever. The brewer’s 2019 revenues increased 5 percent year-on-year to VND37.9 trillion ($1.64 billion),…
Vietnam’s biggest brewer Sabeco is set to charter four aircraft and a number of buses to ferry 2,000 outstanding workers home for Tet. It will cost Sabeco over VND5 billion ($217,000), and the company will identify the workers together with the management of…
Dutch brewer Heineken sold over 5 million Sabeco shares Friday, bringing its stake in Vietnam’s biggest brewer Sabeco down to 4.32 percent. The shares, equivalent to an approximate 0.81 percent stake, were sold to buyers whose identities have not been…
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)…
Vietnamese brewery Sabeco has contributed 46 percent of the revenues of Thai parent ThaiBev in the first quarter of 2018-19. For the quarter ended December 31, 2018, it reported sales of VND13 trillion ($560.58 million) as ThaiBev announced net profits of…
While Sabeco is still at loggerheads with the taxman over alleged back taxes of $135.73 million, it has not provisioned for it. Its 2018 accounts make no mention of the amount in dispute though the HCMC Tax Department has claimed it owes that in taxes and…
Nation’s leading liquor maker Halico has reported a loss of VND75 billion ($3.22 million) for 2018. With Vietnamese consumers moving towards foreign brands, the 120-year-old liquor maker, in which Vietnam’s second biggest brewery Habeco has 54.29 percent…
