LPBank, a joint-stock commercial bank in Vietnam, announced impressive financial results for Q2 2024, with after-tax profits surging to VND 2,422 billion, marking a remarkable 242% increase compared to the same period last year. This marks the third consecutive quarter where LPBank has crossed the VND 2,000 billion profit mark.
For the first half of 2024, LPBank’s after-tax profit reached VND 4,720 billion, reflecting a significant 142% year-on-year growth.
In other news, the GELEX Group recorded a 165% surge in after-tax profits for Q2 2024 compared to the previous year, thanks to a VND 996 billion gain from divesting its electricity segment.
The World of Mobile, a leading retail enterprise, witnessed a staggering 6,800% year-on-year surge in after-tax profits for Q2, amounting to VND 1,172 billion. This marks the fourth consecutive quarter of positive growth for the company, with this quarter’s performance being the highest in the last nine quarters.
Meanwhile, NTP, a leading plastic manufacturer, reported a 37% year-on-year increase in revenue, resulting in a record-high quarterly after-tax profit of VND 238 billion, reflecting an 86% increase compared to Q2 2023.
In a surprising turn of events, Nha Tu Liem, a real estate company, reported after-tax profits of VND 396 billion for Q2, an astonishing 1,000-fold increase compared to the same period last year. This follows an equally remarkable performance in Q4 2023, where the company reported after-tax profits of VND 363 billion, a 279-fold increase compared to Q4 2022.
The company attributed the extraordinary profits in Q4 2023 to the successful launch of the Bãi Muối urban area project in Cao Thắng, Ha Khanh, and Ha Lam in Ha Long city. The company recognized revenue from the sale of a portion of the project for which full payment had been received.
TCBS, a prominent business, witnessed a significant surge in its Q2 performance, with a 106% increase in operational revenue, resulting in a 193% year-on-year growth in after-tax profits, reaching nearly VND 1,300 billion.
Son A Dong, a leading paint manufacturer, continued its impressive growth trajectory with the fourth consecutive quarter of growth. In Q2 2024, the company recorded after-tax profits of nearly VND 28 billion, reflecting a significant 336% increase compared to the previous year.
KSV reported impressive financial results, with after-tax profits for the parent company reaching nearly VND 494 billion. This marks a significant turnaround from the previous year, where the company recorded losses of VND 25 billion in the same period. This quarter’s performance is also the highest profit ever recorded by the company in a single quarter.
FPT, a leading technology company, maintained its consistent growth trajectory, reporting a 20% increase in profits for the quarter.
Tracodi (TCD) earns 163 billion VND profit in 2023
Throughout the year 2023, Tracodi achieved a consolidated net revenue of VND 1,784.5 billion and a post-tax profit of VND 163.3 billion.
Building Peace earns over one hundred billion in Q4 2023, breaks four consecutive quarters of losses, HBC stock soars in January 30th session.
As of December 31, 2023, Hòa Bình Construction continues to incur a cumulative loss of nearly 2,900 billion Vietnamese dong.
Novaland reports over VND 1,600 billion in profit for Q4/2023, bond debt reduced by VND 6,000 billion in one year.
In 2023, Novaland achieved a profit of over 800 billion VND, in contrast to the first half of the year when the company incurred a loss of over 1,000 billion VND.
