TNH Hospital Group eyes major foreign investment to fuel ambitious expansion
Foreign capital is anticipated to aid TNH Hospital Group Joint Stock Company (TNH) in realizing its ambitious expansion plans.
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).
According to Vietnam Airlines, on a single basis, it has estimated a total revenue for the first two quarters at VND38.3 trillion ($1.66 billion), up 5.8 per cent on-year and an accumulated pre-tax profit of VND1.78 trillion ($77.39 million), an increase of 21.8 per cent on-year.
On the consolidated basis, Vietnam Airlines and its subsidiaries, however, have experienced a decline of 10.8 per cent in pre-tax profit when they achieved merely VND1.65 trillion ($71.73 million) compared to 2018’s VND1.85 trillion ($80.43 million).
Vietnam Airlines saw its business performance as rather positive, given the slower growth of the aviation market, the fluctuation of the foreign exchange and the rising fuel prices seen in the past five months.
Together with its subsidiaries Jetstar Pacific and Vietnam Air Services Company (VASCO), Vietnam Airlines currently accounts for some 51 per cent of the domestic share in air passenger transport.
Vietnam Airlines stocks have started to trade on the Ho Chi Minh City Stock Exchange since May 7.
Foreign capital is anticipated to aid TNH Hospital Group Joint Stock Company (TNH) in realizing its ambitious expansion plans.
While major consumer finance firms in Vietnam have reported strong growth, Mcredit posted an unexpected 87 per cent drop in profit for the first half of 2024.
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