The Ho Chi Minh City Stock Exchange (HOSE) has decided to remove iCapital Investment Joint Stock Company’s shares (code PTC-HOSE) from the warning list starting August 20, 2024.
Accordingly, HOSE announced that PTC shares of iCapital Investment JSC will be removed from the warning list from August 20, 2024, as the company’s undistributed post-tax profit as of June 30, 2024, was VND 14.14 billion, according to the reviewed semi-annual 2024 financial statements.
Previously, PTC was placed on the warning list from April 14, 2023, due to its consolidated audited financial statements for 2022, which reported an undistributed post-tax loss of VND 23.59 billion.
According to the reviewed semi-annual financial statements for 2024, PTC recorded net revenue of nearly VND 9 million, a significant decrease compared to the same period last year (VND 41 million). However, net profit reached VND 10.7 billion, higher than the previous year’s VND 7.6 billion.
The company explained that during the first six months of the year, they recognized dividends from subsidiary companies, which were VND 1.8 billion higher than the previous year.
Notably, the stock market witnessed a strong recovery, and profits from securities investment accounted for nearly VND 10.6 billion (approximately VND 1.4 billion in the previous year), an increase of VND 9.13 billion compared to the same period.
As of June 30, PTC has invested in 11 stocks, of which 6 are currently profitable compared to the beginning of the year.
Recently, HOSE added the ETF ABFVN DIAMOND Fund’s shares, FUEABVND, to the margin cut list due to its listing period of less than six months. The exchange also included the shares of Saigon Equipment and Spare Parts JSC (SMA) and S.P.M JSC (SPM) in the margin cut list due to their negative post-tax profit in the reviewed semi-annual 2024 financial statements. As of August 16, the number of stocks on the HOSE with margin cuts has reached 84.
Bamboo Capital (BCG) surpasses 4,000 billion VND in revenue, reduces debt by 5,500 billion VND by 2023
The amount of debt to be paid has been reduced by more than 5,498 billion VND as the Group has actively settled all borrowings in order to lessen the cost of interest and ensure financial stability for the business.
Viglacera Reports First-Ever Loss
Viglacera, the construction equipment giant, reported a net loss of 48 billion VND in Q4/2023, due to declining revenues and high maintenance costs. This marks the first time the company has reported a loss since its inception.
Cen Land’s annual profits plummet to 2.5 billion VND, with nearly 60% of assets being accounts receivables.
Although the fourth quarter saw a reversal in profits, declining revenue resulted in Cen Land’s net profit for the entire year of 2023 only reaching 2.5 billion VND. It is worth mentioning that nearly 60% of the company’s assets consist of receivables from partners, with a total value of approximately 4,100 billion VND.
Vinamilk: Impressive nearly 20% growth in Q4/2023 export revenue
Vinamilk has announced its financial report for Q4 2023, recording a consolidated total revenue and after-tax profit of VND 15,630 billion and VND 2,351 billion, respectively. This represents an increase of 3.6% and 25.8% compared to the same period last year. For the full year, the consolidated total revenue and after-tax profit reached VND 60,479 billion and VND 9,019 billion, completing 95% of the revenue target and 105% of the profit target.
