More than 30 companies, listed on the Hanoi Stock Exchange, have announced their operational results for the fourth quarter of 2014, with most of them reporting positive results.
According to data from the exchange, the number of companies reporting losses fell, compared with the same period in 2013, especially in terms of the number of firms and the extent of the losses being reported.
At least 13 listed companies saw their profits swell, notably Central Hydropower (CHP), PetroVietnam Nghe An Investment and Trading (PXA), Saigon Petrolimex Gas Taxi (PGT) and PetroVietnam Coating (PVB).
CHP earned a net profit of 215.8 billion VND (10.13 million USD) in the fourth quarter, making up for the losses reported during the first nine months, adding that its accumulating profit jumped 69 percent from 2013 to 213 billion VND (10 million USD). This clearly surpassed an earlier target of 115 billion VND (5.4 million USD) fixed by the company.
Other companies reporting gains included PXA and PGT, which also turned their loss-making operations profitable to avoid being delisted. While PXA reported a profit of only 317 million VND (14,880 USD), PGT pegged its profit at 10.2 billion VND (478,870 USD).
As for PVB, its profit during the fourth quarter of last year rose to 15.3 billion VND (718,300 USD), pushing the annual profit to 147.5 billion VND (6.9 million USD), which was 2.5 times more than 2013.
Some 17 other enterprises also announced profitable results, but they pointed out that their profits had declined, from a year ago. Some reported a drop of almost 100 percent, including Kon Tum Sugar (KTS) and Vietnam Construction No 7 (VC7).
Meanwhile, three firms reported losses. They are PetroVietnam Gas City Investment and Development (PCG), Song Da Yaly Cement (SDY) and HCM City Textbook Printing (SAP).-VNA
According to data from the exchange, the number of companies reporting losses fell, compared with the same period in 2013, especially in terms of the number of firms and the extent of the losses being reported.
At least 13 listed companies saw their profits swell, notably Central Hydropower (CHP), PetroVietnam Nghe An Investment and Trading (PXA), Saigon Petrolimex Gas Taxi (PGT) and PetroVietnam Coating (PVB).
CHP earned a net profit of 215.8 billion VND (10.13 million USD) in the fourth quarter, making up for the losses reported during the first nine months, adding that its accumulating profit jumped 69 percent from 2013 to 213 billion VND (10 million USD). This clearly surpassed an earlier target of 115 billion VND (5.4 million USD) fixed by the company.
Other companies reporting gains included PXA and PGT, which also turned their loss-making operations profitable to avoid being delisted. While PXA reported a profit of only 317 million VND (14,880 USD), PGT pegged its profit at 10.2 billion VND (478,870 USD).
As for PVB, its profit during the fourth quarter of last year rose to 15.3 billion VND (718,300 USD), pushing the annual profit to 147.5 billion VND (6.9 million USD), which was 2.5 times more than 2013.
Some 17 other enterprises also announced profitable results, but they pointed out that their profits had declined, from a year ago. Some reported a drop of almost 100 percent, including Kon Tum Sugar (KTS) and Vietnam Construction No 7 (VC7).
Meanwhile, three firms reported losses. They are PetroVietnam Gas City Investment and Development (PCG), Song Da Yaly Cement (SDY) and HCM City Textbook Printing (SAP).-VNA
