A host of companies recently released their financial statements for the third quarter of 2024 on October 16th:
Several hydroelectric companies, including Song Ha Ba, Se San 4A, Thuy Dien – Dien Luc 3, and Thuy Dien Nam Mu, reported significant decreases in profits for the third quarter of 2024.
Vietnam Oil and Gas Low-Pressure Distribution Joint Stock Company (PGD) recorded a near VND 119 billion ($4.9 million) net profit in the third quarter, triple the figure from the same period last year.
Steel Thuduc – VNSTEEL (TDS) announced a 18% year-on-year increase in revenue for the third quarter, amounting to VND 385 billion. However, the company incurred a pre-tax loss of nearly VND 7 billion, compared to a loss of VND 537 million in the same period last year. In the first nine months of the year, TDS recorded a loss of nearly VND 10 billion.
Hanoi Liquor and Beverage Joint Stock Company – Halico (UPCoM: HNR) reported a slight increase in revenue for the third quarter of 2024, amounting to over VND 22 billion, a 3.4% increase year-on-year. The company incurred a loss of nearly VND 5 billion, triple the loss from the previous year. In the first nine months of the year, Halico’s revenue reached nearly VND 80 billion, a 13% increase year-on-year, while the company’s loss amounted to nearly VND 7.5 billion.
Gia Phong Automobile Joint Stock Company (GGG) reported a loss of nearly VND 4 billion in the third quarter of 2024, despite having no revenue. In the first nine months of the year, GGG recorded a revenue of over VND 5.3 billion, seven times higher than the same period last year, but incurred a loss of more than VND 14 billion.
Investment and Power Development Joint Stock Company 3 (PIC) reported a pre-tax loss of VND 838 million in the third quarter of 2024. However, in the first nine months of the year, PIC recorded a pre-tax profit of VND 13 billion, which was half of the profit made in the same period last year.
Nam Mu Hydropower Joint Stock Company (HJS) announced a 46% decrease in pre-tax profit for the third quarter, amounting to VND 11 billion. Their nine-month pre-tax profit also decreased by 3%, reaching VND 50 billion.
Nam Ha Noi Housing and Urban Development Joint Stock Company (NHA) witnessed a significant surge in revenue and profit for the third quarter. Their revenue reached nearly VND 25 billion, triple the amount from the same period last year, and their pre-tax profit was nearly VND 15 billion, an astonishing 185-fold increase from the VND 81 million profit in the third quarter of 2023. In the first nine months of 2024, NHA reported a pre-tax profit of VND 66 billion, a remarkable 5,244% increase year-on-year.
KIS Vietnam Securities experienced a 27% decline in pre-tax profit for the third quarter, amounting to VND 132 billion, while their nine-month pre-tax profit increased by 10% year-on-year to VND 451 billion.
The companies that had released their financial statements for the third quarter of 2024 as of October 16th are listed below:
