Analyst Pin-board: SMC - 2019 update
2019 business results
SMC’s financial performance was fine due to decreasing steel prices. The company’s ROE was 7.3%, higher than NKG’s (1.6%) and HSG’s (6.6%). SMC’s operating performance was better as its selling volume grew 16%. However, its net income decreased by 43% to VND 97 billion, of which VND 80 billion in net income came from its core business, while the remaining was the profit from selling 65% of its ownership in Ha Noi Coil Center.
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