Listed below are companies that have recently published their Q1 2024 financial statements as of April 17, 2024:
VIX Securities (VIX) reported a nearly 17-fold increase in pre-tax profit for the first quarter of 2024, reaching almost 202 billion VND, compared to the same period last year.
Other brokerage companies like KIS Securities, VDSC, and MSNVN also declared a surge in profits.
Sonadezi Chau Duc JSC (SZC) announced a 5.6-fold increase in its Q1 2024 profit compared to the same period in the previous year, reaching almost 43 billion VND.
With a “major client” like Qatar Airways, Saigon Cargo Services (SCS) recorded a pre-tax profit of 168.1 billion VND for Q1 2024, an increase of 30%.
Haiphong Thermal Power JSC (HND) reported a revenue of 2,788 billion VND, which is 8.4% higher than the same period last year. However, the cost of goods sold only increased by 2.2% compared to the previous year, resulting in a 15.2-fold increase in the company’s pre-tax profit to 162.8 billion VND.
Another power company that reported a significant increase in profits is Pha Lai Thermal Power (PPC). It declared a nearly four-fold increase in pre-tax profit compared to the same period last year, reaching 159.5 billion VND. The decline in coal prices also contributed to the company’s increased profits.
CNG Vietnam JSC (CNG) reported a 93% decrease in its Q1 2024 pre-tax profit, with a remaining amount of almost 2 billion VND. The decrease in revenue, combined with nearly unchanged company expenses, resulted in a significant decline in profits.
PV Gas D JSC (PGD) is another oil and gas company that reported a decrease in profits. Specifically, the company’s pre-tax profit dropped by 65%, reaching approximately 50 billion VND.
Saigon – Central Beer (SMB) recorded revenue of over 327 billion VND, a nearly 29% increase compared to the same period in 2023. After deducting production costs and expenses, SMB’s pre-tax profit amounted to 29.6 billion VND, a nearly 50% increase compared to the previous year.
Quy Nhon Port (QNP) reported a 31% increase in its Q1 2024 pre-tax profit, reaching 31.7 billion VND.
Hang Xanh Automobile Services JSC (HAX) reported net revenue of 1,038 billion VND in Q1, which is almost a 5% increase compared to the same period in 2023. The company’s pre-tax profit reached 41 billion VND, a 7.3-fold increase compared to Q1 2023. Net profit was almost 32 billion VND, a nine-fold increase compared to the same period last year.
Thai Nguyen Iron and Steel JSC (TIS) reported an 11% decrease in its Q1 revenue compared to the same period last year. However, due to a more significant decrease in the cost of goods sold, the gross profit increased by 89% compared to the same period last year. As a result, Tisco generated a pre-tax profit of over 7 billion VND, compared to a loss of almost 18 billion VND during the same period in the previous year.
