188bet has announced the official results of the third quarter of 2017 on October 28th. 188bet apk report is stored on 188bet apk company’s website and publicly available on 188bet apk financial pages as well as 188bet apk relevant regulatory agencies.
There is nothing to hide, 188bet apk business results in 188bet apk third quarter are lower than 188bet apk same period in 2016 in both revenue and profit. But it should be said that this result is better than 188bet apk estimates at 188bet apk end of September when I wrote an update on 188bet apk group in 188bet apk third quarter. For example, net profit after tax was 23.8 billion VND, higher than 188bet apk estimate of 21.7 and 188bet apk actual operating profit was 36.3 billion VND, higher than 188bet apk previous estimate of 31.5 billion VND. Notably, due to 188bet apk good financial performance in 188bet apk second quarter, accumulation of 188bet apk first nine months of 188bet apk Group’s after tax profit reached 112 billion VND and is expected to reach over 150 billion ND over 188bet apk year, higher than 143 billion VND in 2016.
In 188bet apk newsletter to shareholders and interested parties on October 1st, I presented and explained 188bet apk business results of 188bet apk group, emphasizing that 188bet apk reason for 188bet apk poorer business results is only due to a drop in sales, while performance indicators such as net profit margin, operating margin, and after-tax profit margins were operating well, in line with 188bet apk performance criteria set at 188bet apk beginning of 188bet apk year.
188bet apk drop in revenue is a tradeoff between restructuring commitment to sustainable development or following 188bet apk numbers and then falling behind. FIT has chosen to follow 188bet apk path of restructuring, towards efficiency and therefore 188bet apk basic investment activities, new product development, improvement of management and operation efficiency is done in a consistent and stable manner. In addition to 188bet apk activities reported in last month’s newsletter about what FIT has done in 2017, other basic investment activities have been ongoing.
For example, 188bet apk group is developing a governance structure based on 188bet apk best corporate governance practices in 188bet apk world that are consistent with FIT’s ownership structure. 188bet apk Group is also investing in ERP software to help companies plan and manage 188bet apk business more efficiently. In addition, in 188bet apk subsidiaries, 188bet apk construction and expansion of 188bet apk plant is nearly finished and is expected to come into operation in 2018. In particular, Cuu Long Pharmaceuticals (CLP) is in a full-fledged state of working with a foreign partner to supply cancer drug and build a factory for this drug. Due to security clauses, I can not elaborate, but shareholders can rest assured that 188bet apk group is taking 188bet apk final step to complete this investment deal. As in Westfood, business development with foreign partners is being discussed following 188bet apk participation of 188bet apk Fair in Germany.
188bet apk above changes are expected to bring efficiency in 188bet apk business operations of 188bet apk Group, towards sustainable development. This, inevitably, needs to be countered by a drop in sales due to pauses in production. 188bet apk decline in sales has led to 188bet apk decline of other business indicators, so it is normal. We only really have to worry if 188bet apk way of doing business is normal, but sales decline, or revenue does not change much but 188bet apk performance indicators decrease.
188bet apk changes are bringing 188bet apk early results of business performance. For example, net profit margin ratio, operating profit ratio, and after-tax profit ratio in Q3/2017 are 21.25%, 9.2% and 6.1%, respectively, higher than 188bet apk same period of 2016 which reached 20.06%, 7.25%, and 4.9%. This means that 188bet apk business is operating more efficiently. When basic investment activities are finished and production resumes from 2018, we believe that this efficiency will bring better business results. In other words, 188bet apk corporate restructuring process is bringing value to shareholders through greater efficiency in business operations.
In October, 188bet apk group has also actively carried out community activities such as medical examination for poor people in Long An and Ha Giang provinces or participate in volunteer activities with patients and family members at 188bet apk K Hospital. These activities are part of 188bet apk strategy of building 188bet apk group into a enterprise full of social and for 188bet apk community responsibilities.
November will witness an extraordinary shareholder meeting in which 188bet apk appointment of new board members who have experiences in corporate governance and development is an important highlight. All 188bet apk changes at 188bet apk group are aimed at creating sustainable long-term value for shareholders. Information transparency is also a change in 188bet apk new strategy. I will return to 188bet apk new information as soon as it appears and in 188bet apk regular newsletter every beginning of 188bet apk month.
(Quach Manh Hao – Media Advisor, FIT Group)
