Newly Released Companies’ Q1 2024 Financial Statements
Newly released companies’ Q1 2024 financial statements report the following:
Vinhomes Joint Stock Company (Stock Code: VHM) has just reported its consolidated financial statement for Q1 2024, indicating a consolidated net revenue of VND 8,605 billion. The company’s consolidated net income after tax amounted to VND 904 billion.
Vingroup Joint Stock Company (VIC) has reported its financial statement for Q1 2024, with a consolidated net revenue of VND 21,739 billion, a decrease of 44% compared to the same period last year. Financial revenue climbed to VND 18,941 billion, an 88% increase year-over-year, primarily driven by profits from the liquidation of financial investments and the transfer of a subsidiary worth VND 17,690 billion. Vingroup’s consolidated net income for the quarter reached VND 1,335 billion, reflecting a 126% increase from the same period last year.
Power Generation Corporation 3 – Joint Stock Company (EVN Genco3 – Code: PGV) reported that its net revenue for Q1 2024 came in at VND 9,688 billion, a 15% decrease compared to the same period, while a lower cost of goods sold led to a 51% decline in PGV’s gross profit to VND 609 billion. Due to higher financial expenses, PGV reported a pre-tax loss exceeding VND 650 billion.
With a slight 0.3% increase in net revenue, Ca Mau Fertilizers (DCM) reported a 46% increase in pre-tax profits to VND 383 billion
Becamex IDC (BCM) reported a pre-tax profit of nearly VND 128 billion in Q1, a 62% increase.
Masan MeatLife (MML) reported a pre-tax loss of VND 44 billion.
FPT Digital Retail Joint Stock Company (FPT Retail, Stock Code: FRT) has reported its business results for Q1 2024, with a pre-tax profit of VND 89 billion – 43 times higher than the same period last year. With a profit of VND 89 billion, FRT recorded its highest pre-tax profit in the past five quarters.
FIT Group (FIT) recorded a 64% decrease in pre-tax profit in Q1 compared to the same period, reaching VND 78 billion.
Vocarimex (VOC) reported a pre-tax profit of VND 9 billion in Q1, a 99% decrease compared to the same period when it did not have any extraordinary financial revenue as in Q1 2023.
ACB Bank (ACB) reported a pre-tax profit of VND 4,892 billion in Q1, a 5% decrease compared to the same period, while the Joint Stock Commercial Bank for Maritime Vietnam (MSB) reported that its pre-tax profit in Q1 was nearly the same as the same period.
Masan Group (MSN) reported a 9% increase in pre-tax profit for Q1 2024, reaching VND 634 billion. Increased revenue contributed to the company’s profit growth.
In Q1 2024, Hoa Phat Group (HPG) recorded a pre-tax profit of VND 3,261 billion, six times higher than the same period in 2023, but still slightly lower than in the previous quarter. This result ended the company’s four consecutive quarters of growth compared to the previous quarter in the steel industry.
After a period of strong growth, Binh Minh Plastics (BMP) reported a 32% decline in its Q1 profit to VND 237 billion.
Thanks to the liquidation of investments and the reversal of bad debt provisions, Hoa Binh Construction (HBC) reported a pre-tax profit of VND 58 billion in Q1 2024, compared to a loss of VND 44 billion in the previous year.
Hai Phat (HPX) reported a pre-tax profit of VND 22 billion in Q1 2024, compared to a loss of VND 24 billion in the same period. The company’s revenue increased by 2.1 times to VND 324 billion.
