NSH Petro suffers second successive quarterly loss as Q1 revenue plunges 88%
Nam Song Hau Trading Investing Petroleum JSC, or NSH Petro - a major fuel supplier in Vietnam’s Mekong Delta region, incurred a net loss of VND24 billion ($942,730) in Q1 this year, a stark contrast to the VND199 billion profit recorded in the same period of 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Jewelry major PNJ targets 6% after-tax profit growth
Vietnam’s Phu Nhuan Jewelry JSC has targeted VND2.09 trillion ($82.33 million) in after-tax profit this year, up 6% from 2023, setting a new record for the firm.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai shareholder to pocket $22.7 mln as Binh Minh Plastics pays dividends of 126%
Major shareholder Nawaplastic Industries, a member of Thailand’s Siam Cement Group (SCG), will receive over VND567 billion ($22.65 million) in cash as Binh Minh Plastics JSC plans to devote up to 99% of its 2023 after-tax profit to dividends at a rate of 126%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese securities firms reap profits on stock market rallies
A chorus of Vietnamese securities firms have announced impressive profit estimates for the first quarter of this year, thanks to positive market developments.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading Vietnam retailer Mobile World targets 14-fold increase in after-tax profit
Mobile World Investment Corporation (MWG) has set 2024 revenue and after-tax profit targets of VND125 trillion ($4.99 billion) and VND2.4 trillion ($95.86 million), up 6% and 14.2 times year-on-year, respectively.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu My Fertilizer estimates $12 mln in Q1 pre-tax profit
Petrovietnam Fertilizer and Chemicals Corporation (Phu My Fertilizer) expects to earn VND3.3 trillion ($132 million) in revenue and VND300 billion ($12 million) in pre-tax profit in the first quarter of 2024, exceeding both targets, according to CEO Phan Cong Thanh.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank targets 10% growth in 2024 pre-tax profit
Private Vietnamese lender Sacombank has set a target of earning VND10.6 trillion ($424.6 million) in pre-tax profit for 2024, a year-on-year increase of 10%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate major DIC Corp sees 33% post-audit net profit plunge
Top real estate developer DIC Corp has seen its 2023 net profit drop 33% to VND112 billion ($4.49 million) after the audit of its consolidated financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ABBank targets $42 mln in pre-tax profit, to go public in 5 years
An Binh Commercial Joint Stock Bank (ABBank) has targeted pre-tax profits of VND1 trillion ($41.6 million) this year, up 94.5% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thanh Cong textile firm aims for 21% after-tax profit growth in 2024
Thanh Cong Textile-Garment Investment Trading JSC (TCM) is targeting VND3.7 trillion ($148.2 million) in revenue and VND161 billion ($6.45 million) in after-tax profit in 2024, up 12% and 21% year-on-year, respectively, said CEO Song Jaeho.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Transport heavyweight Deo Ca estimates Q1 profit up 33%
Deo Ca Transport Infrastructure Investment JSC, a subsidiary of “tunnel king” Deo Ca Group, expects its revenues and profit in the first quarter of 2024 to reach VND674 billion ($26.8 million) and VND109 billion ($4.34 million), up 25% and 33% year-on-year, respectively.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese realty player DIC Corp guns for profit, capital base spikes
Development Investment Construction JSC (DIC Corp), among the top real estate developers in Vietnam, targets to earn VND1.01 trillion ($40.7 million) in pre-tax profit this year, up 508.9% year-on-year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steep profit plunge for Vietnam F&B major Golden Gate
Golden Gate Group JSC, a multi-brand restaurant chain operator in Vietnam, earned a consolidated net profit of VND139.53 billion ($5.62 million) in 2023, down 78.8% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Facing business constraints, Vietnam Rubber Group sets modest 2024 profit growth target
State giant Vietnam Rubber Group has set modest revenue and profit growth targets for 2024, citing several business constraints including a sharp fall in rubber prices.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese sanitary ware firm TOTO's Vietnam revenue records 12% drop in Apr-Dec 2023
TOTO recorded a sale revenue of VND2,936 billion ($124.3 million) in Vietnam from April-December 2023, the first three quarters of its fiscal year 2023, down 12% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel giant Hoa Phat aims for $406 mln profit, 10% dividends in 2024
Vietnam’s top steelmaker Hoa Phat Group is targeting VND140 trillion ($5.68 billion) in revenue and VND10 trillion ($405.7 million) in net profit this year, respective increases of 17% and 46% compared to 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel giant Hoa Sen targets after-tax profit of $20.3 mln in 2023-2024 fiscal year
Multi-sector group Hoa Sen is targeting VND400-500 billion ($20.3 million) in after-tax profit in the 2023-2024 fiscal year, significantly higher than the VND30 billion recorded the previous year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firms record huge profits thanks to debt restructuring
Many businesses in Vietnam recorded sudden income spikes from debt restructuring in the fourth quarter of 2023, which contributed to improving their annual profits.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seaport, shipping firms expected to enjoy good profits in 2024
A potential recovery of Vietnam's export activities in 2024 and a sharp increase in shipping rates due to Red Sea tensions are expected to help domestic seaport and shipping firms see good profits after a gloomy year.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Rubber Group’s stock price soars as Q4/2023 profit rebounds strongly
Vietnam Rubber Group’s stock price surged 58% in the past two months as its net profit reached VND1,164 billion ($47.45 million) in the last quarter of 2023, the highest level of the year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gilimex begins to generate revenue from industrial parks
Binh Thanh Import-Export Production and Trading JSC's (Gilimex) first ever revenue from industrial real estate reached over VND15 billion ($611,500) in Q4/2023, with a gross profit margin of 59%.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agricultural machinery major VEAM banks on term deposits
Financial revenue was the main bright spot for the state-owned Vietnam Engine and Agricultural Machinery Corporation (VEAM) in 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG’s Vietnam plants report post-tax profits of $133.5 mln in Jan-Sep 2023
Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined post-tax profit of KRW179.31 billion ($133.5 million) in Jan-Sep 2023, down 27.6% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bright profit prospects for Vinamilk in Q1: executive
Dairy giant Vinamilk's Q1/2024 business results are likely to be far better than the same period last year, said chief financial officer Le Thanh Liem at an investor meeting in early February.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rough Q4/2023 landing for Vietnam aviation industry
Most businesses operating in the Vietnamese aviation industry and support services have reported a year-on-year fall in net profits in the fourth quarter of 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam steel companies’ 2024 profits to recover from low bases
Most listed Vietnamese steel businesses reported year-on-year declines in net revenue and net profit last year, but their profits are expected to grow well in 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major Mobile World targets 14-fold profit growth in 2024
Vietnam’s Mobile World Investment Corporation has targeted a 5% year-on-year increase in revenue to VND125 trillion ($5.13 billion) and a 14-fold rise in net proft to VND2.4 trillion ($98.48 million) this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major Mobile World sees lowest net profit in 10 years
Vietnam’s Mobile World Investment Corporation (MWG) posted a net profit of VND168 billion ($6.9 million) in 2023, down 96% year-on-year, marking the lowest level since 2013.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property giant Novaland sees 12-fold increase in Q4 net profit
Vietnam’s leading property developer Novaland reported a sudden net profit of VND1.65 trillion ($67.5 million) in the fourth quarter of 2023, 12 times higher than the same period the previous year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinamilk paradox: profit soars, stock price tumbles
Vietnam’s dairy giant Vinamilk reported revenue of VND15.62 trillion ($639.64 million) and net profit of VND2.33 trillion ($95.4 million) in the fourth quarter of 2023, up 3.6% and 24.4% respectively year-on-year, according to its financial statement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agri major Loc Troi posts record 2023 revenue of $651 mln
Major Vietnamese rice business Loc Troi Group JSC (LTG) reported record revenues of over VND16 trillion ($651 million) in 2023, a year-on-year increase of 37%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sao Ta Foods tops revised growth targets amid Vietnam seafood industry struggle
Sao Ta Foods JSC, among major shimp exporters in Vietnam, has topped its revised revenue and pre-tax profit targets for 2023 by 4% and 1.5%, respectively, performing relatively well amidst a decline in the country's seafood industry.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Techcombank's 2023 net profit drops 10% to $731 mln
Major Vietnamese private lender Techcombank reported VND40.06 trillion ($1.63 billion) in total income and over VND18 trillion ($731.4 million) in net profit last year, down 1.2% and 10.4% year-on-year, respectively.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam pharma giant Hau Giang sets record profit target
Vietnam's leading pharma company Hau Giang reported an after-tax profit of VND1,051 billion ($42.8 million) in 2023, up 6.4% year-on-year, marking a fourth consecutive yearly gain and setting a new record.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s four state-owned banks enjoy solid 2023 profit growth
Vietnam’s four state-owned banks, known as the "Big 4", all recorded sound profit growth of 10-19% in 2023.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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