Vietcombank reports record profits despite income declines
Vietcombank has announced the highest pre-tax profit in the banking sector for the second quarter and the first half of 2024, even as core revenue streams show a downturn.
Vietcombank has announced the highest pre-tax profit in the banking sector for the second quarter and the first half of 2024, even as core revenue streams show a downturn.
The company expects net revenue in 2023 of $702 million to $775 million, a year-on-year increase from 6 to 17 per cent.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
After increasing charter capital to VND5,455 billion recently, Mirae Asset Securities Vietnam has become one of the largest securities companies in the country in term of the index.
The national flag carrier has revealed its second quarter’s business results with a VND51.6 trillion ($2.24 billion) in revenue, up 5.5 per cent on-year. Its pre-tax profit has nevertheless been down by almost 11 per cent on-year to VND1.65 trillion ($71.73 million).
A subsidiary of Truong Hai Auto Corporation has earned a revenue of $500,000 from first shipment of bananas to China.
In 2018, Orion Vina has still retained the growth since previous years. The company reported the nine-month revenue of 151.9 billion won, equivalent to $150 million.
The average fuel price in the third quarter rose by 37.5 per cent over the same period, which caused the total cost of Vietnam Airlines to increase higher than its total revenue.
After three quarters, KIDO Group Corporation, an integrated food and beverage consumer company, has just met nearly half of its annual revenue target.
Export volume of Vinh Hoan can reach nearly 81,000 tons this year, up 4.8 per cent and an equivalent revenue of $413 million, up 6.7 per cent year over year.
High cost of sales leads to rather modest profits of UNIBEN over the last few years, even lower than the profit of Miliket, an effete brand.
After being raised doubts over the price transfer, Suntory PepsiCo Vietnam has recorded an impressive business delivery of over $150 million in net profit in recent years.
Mobifone's revenue and profit sharply decreased after this network operator had suspended online payments via scratch cards, challenging the completion of its 2018 business plan.
According to Zara's sales report, its revenue in Vietnam in first half of this year reached around $41 million, which is double the figure in 2017.