Sai Son Cement reverses losses, Vietnam

Vietnamese producer Sai Son Cement (SCJ) swung to a net profit of VND7.1bn (US$80,648) in the fourth quarter of 2013 after a net loss of VND2bn in the same period the year before.

Revenue amounted to VND104bn (US$4.93m) in the final quarter of last year, compared to VND72bn over the same period of the previous year.

For the full year, SCJ reported VND7.6bn net profit on revenue of VND320bn compared to a loss of VND12bn in net profit and VND251.3bn revenue, respectively.