After-tax profits of HNX-listed firms down 10.3 percent in Q1 hinh anh 1Illustrative photo. (Source: VNA)

Hanoi (VNA) – The after-tax profits of listed companies on the Hanoi Stock Exchange (HNX) reached nearly 4.2 trillion VND (179 million USD) in the first quarter of this year, down 10.3 percent from a year earlier, according to the HNX.

According to the northern bourse, 341 out of the total 359 HNX-listed firms have released their business performance results in the first three months of the year.

Among those, 261 made profits with a total profit value of nearly 4.68 trillion VND, a year-on-year decrease of 6.1 percent, while 80 others reported losses worth of 480.5 billion VND, up 59.9 percent year on year.

On a sector basis, four out of 11 sectors saw after-tax profit growth, including the industry; healthcare; mining, oil and gas; and information and telecommunications.

Sectors with the largest contraction in after-tax profits during the period were construction which saw its profit slashing by 234.9 billion VND, down 59 percent; and real estate with the total profit declining by 143.6 billion VND, down 53.5 percent.

The business information and catering services suffered a loss of 4.8 billion VND in the first three months. The sector recorded an after-tax profit of 74.9 billion VND in the same period last year.

The sector has been severely affected by the COVID-19 pandemic and the government’s Decree No.100/2019/ND-CP which gives strict fines to those caught drunk driving./.