Quarterly Financial Reports from Newly Listed Companies: An In-Depth Analysis
An insight into the financial performance of newly listed companies.
CTCP VNG (Stock Code: VNZ) recently released its consolidated financial statements for the fourth quarter of 2024, reporting a slight increase in revenue to 2,613 billion VND. Gross profit reached 982 billion VND, a remarkable 30% surge compared to the previous year. However, due to provisions for losses on investments in associated companies and asset impairment, VNG incurred a post-tax loss of over 421 billion VND.
Looking at the full year, VNG narrowed its post-tax loss from 2,317 billion VND in 2023 to 1,018 billion VND. This marks the third consecutive year of losses exceeding 1,000 billion VND for the company.
Analyzing the financial performance of Vicostone.
Vicostone (VCS) announced a 223 billion VND pre-tax profit for the fourth quarter, a 21% decrease year-on-year. For the full year, their pre-tax profit stood at 953 billion VND, a 5% dip compared to 2023.
Cao su Phước Hòa (PHR) posted impressive results with a 46% year-on-year increase in pre-tax profit, reaching 268 billion VND for the fourth quarter. For the full year, their pre-tax profit stood at 556 billion VND, a decrease of 30%.
DNP Holding (DNP) recorded a pre-tax profit of over 60 billion VND for the fourth quarter, an astounding 172 times increase compared to the same period last year. Their post-tax profit reached 69 billion VND, 33 times higher year-on-year. For the full year, DNP Holding’s post-tax profit neared 193 billion VND, reflecting a 51% improvement from 2023.
Digiworld (DGW) witnessed a 21% year-on-year surge in net revenue, amounting to 5,859 billion VND for the fourth quarter. Their post-tax profit for the quarter stood at 146 billion VND, a substantial 62% increase. Digiworld’s full-year post-tax profit reached nearly 449 billion VND, representing a 24% growth compared to the previous year.
The following is a sector-based breakdown of companies that have released their fourth-quarter financial statements for 2024:
A sector-based overview of companies’ financial performance.
“Luxury Hospitality Group Pledges Two 5-Star Hotels as Collateral for $20 Million Bond Issue”
The announcement submitted to HNX on November 26 revealed that TTC Hospitality Joint Stock Company (HOSE: VNG) had successfully completed a private placement of 5,000 bonds at a face value of VND 100 million per bond. This issuance allowed the company to raise VND 500 billion in corporate bonds, with a three-year maturity, extending to November 25, 2027.
