Illustrative image (Photo: VNA) Hanoi (VNA) - Listed companies on theHanoi Stock Exchange (HNX) reported their post-tax profits grew 4.8 percentyear-on-year to reach 21.4 trillion VND (912.86 million USD) in 2019.
According to the northern market regulator,as of the end of April this year, 346 out of the total 359 companies on the HNXhad released their 2019 audited financial statements.
Among the 346 reporting firms, 311 madeprofits with a total profit value of 23.7 trillion VND, up 10.06 percentyear-on-year.
On a sector basis, five out of 11 sectorsreport profits in 2019, higher than the number of profitable sectorsin 2018. Of the sectors, the oil and gas one posted the highestpost-tax profit growth rate of 45.2 percent, from 808 billion VND to 1.17trillion VND.
Ranking second was the financial sector, withonly 22 enterprises listed on the HNX, reporting post-tax profit growth rate of17.3 percent, reaching 10.4 billion VND, accounting for 48.7 percent of thetotal profit of the whole market.
The growth is attributed to expandingbusiness operations, diversifying products and services, and attracting morecustomers. Among this group, banking and insurance businesses witnessed thestrongest growth.
In the opposite direction, 36 companiesreported losses, up 12.5 percent over the previous year, with a total lossvalue in 2019 of negative 2.24 trillion VND, up 109 percent compared to 2018.
Six out of 11 industries reported higherlosses compared to 2018, in which the industrial sector saw the highestloss from negative 427 billion VND in 2018 to negative 1.27 trillion VND in2019.
Companies who published their auditedfinancial statements five days, or more, later than the required date,have been made ineligible for margin lending and those who delay for over15 days will be included in the warning list of HNX./.
According to the northern market regulator,as of the end of April this year, 346 out of the total 359 companies on the HNXhad released their 2019 audited financial statements.
Among the 346 reporting firms, 311 madeprofits with a total profit value of 23.7 trillion VND, up 10.06 percentyear-on-year.
On a sector basis, five out of 11 sectorsreport profits in 2019, higher than the number of profitable sectorsin 2018. Of the sectors, the oil and gas one posted the highestpost-tax profit growth rate of 45.2 percent, from 808 billion VND to 1.17trillion VND.
Ranking second was the financial sector, withonly 22 enterprises listed on the HNX, reporting post-tax profit growth rate of17.3 percent, reaching 10.4 billion VND, accounting for 48.7 percent of thetotal profit of the whole market.
The growth is attributed to expandingbusiness operations, diversifying products and services, and attracting morecustomers. Among this group, banking and insurance businesses witnessed thestrongest growth.
In the opposite direction, 36 companiesreported losses, up 12.5 percent over the previous year, with a total lossvalue in 2019 of negative 2.24 trillion VND, up 109 percent compared to 2018.
Six out of 11 industries reported higherlosses compared to 2018, in which the industrial sector saw the highestloss from negative 427 billion VND in 2018 to negative 1.27 trillion VND in2019.
Companies who published their auditedfinancial statements five days, or more, later than the required date,have been made ineligible for margin lending and those who delay for over15 days will be included in the warning list of HNX./.
VNA
