New businesses have announced their Q1/2024 financial statements:
Duc Giang Chemicals Group Corporation (code: DGC) recorded net revenue in Q1 of VND 2.385 billion, a 4% decrease compared to the same period last year. Pre-tax profit in Q1 reached VND 769 billion, a 13% decrease compared to the same period last year.
Phu Nhuan Jewelry Joint Stock Company (code: PNJ) recorded net revenue in Q1 of VND 12.594 billion, an increase of 29% compared to the same period last year. However, due to high increase in selling expenses and business management expenses, PNJ’s pre-tax profit decreased 1% compared to the same period reaching VND 936 billion.
FPT Corporation has just announced its preliminary business results for the first three months of 2024 with revenue reaching VND 14,093 billion and pre-tax profit of VND 2.534 billion, respectively increasing by 20.6% and 19.5% compared to the same period in 2023.
After-tax profit in the first 3 months of the year was VND 2,160 billion, an increase of 19.4% compared to the same period in 2023. In which, after-tax profit belonging to shareholders of the parent company reached VND 1,798 billion, an increase of 20.4% compared to the same period last year. EPS was VND 1,416/share.
MB Bank (code: MBB) has just announced its Q1/2024 financial report. Accordingly, MB’s total operating income in Q1 slightly increased compared to the same period last year, however, the bank’s pre-tax profit decreased by 11% compared to the same period last year to more than VND 5,795 billion, mainly due to increased provisions for risk.
STK Century Yarn Joint Stock Company recorded revenue of VND 265.7 billion, a decrease of 7.6% compared to the same period last year. Coupled with the decline in financial revenue and an increase in financial expenses, the company’s pre-tax profit was only VND 1.1 billion, a decrease of 61%.
VPBank Securities reported a pre-tax profit of VND 182 billion, down by 44% from the same period last year.
DNSE recorded a 76% increase in pre-tax profit to VND 88 billion compared to last year.
TVB Securities unexpectedly reported a 2,747% increase in profit compared to the same period last year, reaching VND 48 billion.
PetroVietnam Power Corporation (PV Power, POW) reported that total power output in Q1 reached 3.54 million kWh, equivalent to 86% of the plan and a 11% decrease compared to the same period in 2023. Revenue of the total corporation in Q1/2024 is estimated to reach VND 6,279 billion, 81% compared to the same period last year. PV Power estimated the pre-tax profit of the total corporation to be VND 51 billion, only 7.3% of the same period last year.
The leader of Vietnam Oil and Gas Engineering Services Corporation (PVS) informed that consolidated revenue for Q1/2024 is estimated at VND 3,169 billion, equivalent to 20% of the annual plan and an 18% decrease compared to the same period last year. Pre-tax profit is estimated to reach VND 202 billion, a decrease of 24% compared to Q1/2023 and achieving about 23% of the annual target.
