Northern Coal Shareholders Celebrate Big Lunar New Year: Stock Price Surges Over 40% in 4 Sessions

Shareholders of Vinacomin Northern Coal Trading Joint Stock Company (HNX: TMB) were rewarded before the Lunar New Year holiday: A strong year of business growth and a staggering 40% increase in stock prices over 4 sessions.

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Just in 4 sessions, TMB stock has risen 46% to nearly 64,000 VND/share before cooling down to 60,200 VND/share in the session on 02/02.

TMB stock price movements

The rapid rise of this coal company’s stock came right after the company announced impressive profit results for Q4/2023 and the whole year of 2023.

In Q4/2023, TMB recorded net revenue of 8,240 billion VND, a 5% decrease compared to the same period; however, net profit increased by 27% to 145 billion VND.

Contributing to TMB‘s positive results was the improvement in gross profit margin and the return of 62 billion VND in loan interest and 44 billion VND in other profits.

Business results of TMB in Q4/2023

Unit: Billion VND

For the whole year of 2023, TMB recorded net revenue of over 37,100 billion VND and net profit of over 340 billion VND, increasing by 49% and 76% respectively compared to the same period last year.

Vu Hao

SOURCEvietstock
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