After-tax profits of HNX-listed firms down 10.3 percent in Q1
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.
Illustrative 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./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
