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.
Hanoi(VNA) – The after-tax profits of listed companies on the Hanoi Stock Exchange(HNX) reached nearly 4.2trillion VND (179 million USD) in the first quarter of this year, down 10.3percent from a year earlier, according to the HNX.
According tothe northern bourse, 341 out of the total 359 HNX-listed firms have released their business performance results in the first threemonths of the year.
Among those,261 made profits with a total profit value of nearly 4.68 trillion VND, ayear-on-year decrease of 6.1 percent, while 80 others reported losses worth of480.5 billion VND, up 59.9 percent year on year.
On a sectorbasis, four out of 11 sectors saw after-tax profit growth, including the industry; healthcare; mining, oiland gas; and information and telecommunications.
Sectors withthe largest contraction in after-tax profits during the period were construction which saw itsprofit slashing by 234.9 billion VND, down 59 percent; and real estate with thetotal profit declining by 143.6 billion VND, down 53.5 percent.
The businessinformation and catering services suffered a loss of 4.8 billion VND in thefirst three months. The sector recorded an after-tax profit of 74.9 billion VNDin the same period last year.
The sector hasbeen severely affected by the COVID-19 pandemic and the government’s DecreeNo.100/2019/ND-CP which gives strict fines to those caught drunk driving./.
The Vietnam National Petroleum Group (Petrolimex) incurred a loss of over 1.8 trillion VND (78.2 million USD) in the first quarter due to the impact of COVID-19, according to its financial statement announced on May 5.
Listed companies on the Hanoi Stock Exchange (HNX) reported their post-tax profits grew 4.8 percent year-on-year to reach 21.4 trillion VND (912.86 million USD) in 2019.
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Illustrative photo. (Source: VNA)
