86% of businesses listed on HNX report Q1 profit


HÀ NỘI — Eighty-six per cent of firms listed on the Hà Nội Stock Exchange (HNX) posted profits during the first quarter of this year.

The northern bourse said it got the results from the latest financial reports of 372 out of 379 enterprises listed.

According to the reports, 319 companies had profits with a combined after-tax profit value of VNĐ3.06 trillion (US$136 million) recorded in Q1/2016, an increase of 3.6 per cent over the same period last year.

However, 50 companies suffered losses totalling VNĐ193 billion, a rise of 68 per cent from the same period last year.This means that HNX businesses achieved a net profit of VNĐ2.9 trillion in Q1/2016, up 1 per cent year-on-year.

During Q1/2016, 104 enterprises in the industrial sector showed the best business results, generating a combined profit of VNĐ949 billion, or 31 per cent of all profits.

Twenty-five financial businesses were the runners-up with a combined profit of VNĐ898 billion, equivalent to 29 per cent of all profits.

Next were commercial and accommodation service businesses, whose profits amounted to VNĐ467 billion, or 15 per cent of all profits.

Industrial companies also accounted for the largest ratio among the losers, however. Twelve industrial firms suffered a combined loss of VNĐ65 billion, or 34 per cent of all losses.

Mineral, oil and gas enterprises were next with a combined loss of VNĐ59 billion, or 31 per cent of all losses.

They were followed by construction businesses, which had a combined loss of VNĐ28 billion, equivalent to 15 per cent of all losses.

On the Unlisted Public Company Market (UPCoM), 58 out of 76 firms have released financial reports.

The reports revealed that 43 enterprises generated profits with a total after-tax profit value of nearly VNĐ1.3 trillion in Q1/2016, down 7 per cent over the same period last year.

Nine enterprises suffered losses amounting to VNĐ173 billion in Q1/2016, up 13 per cent year-on-year.

Overall, businesses on the UPCoM had a net profit of nearly VNĐ1.1 trillion in the first quarter of this year, a year-on-year decline of 9 per cent.

Source: Vietnam News

Photo: CBR Investment AG