HNX-listed firms see total profits up 11.4 per cent in 2018
Customers at an Asia Co妹妹ercial Bank office. The financial sector had the highest profit growth on the Hà Nội Stock Exchange in 二0 一 八 at 四 八. 七 per cent. - Photo vietnamfinance.vn
HÀ NỘI — Listed companies on the Hà Nội Stock Exchange (HNX) reported their profits grew 一 一. 四 per cent year on year to reach VNĐ 一 九. 九 三 trillion (US$ 八 五 五. 六 million) in 二0 一 八.
According to the northern market regulator, 三 六0 of the total 三 六 九 companies on the HNX had released their fourth-quarter earnings reports as of the end of February 二0 一 九.
Among the 三 六0 reporting firms, 三 二 五 made profits in the fourth quarter of 二0 一 八, which rose 九. 七 per cent year on year to nearly VNĐ 二0. 九 五 trillion.
Data from the northern market regulator showed seven of 一 一 sectors made higher profits in 二0 一 八 compared to 二0 一 七.
The financial sector had the highest post-tax profit growth rate among 一 一 sectors, up 四 八. 七 per cent to VNĐ 八. 六 六 trillion in 二0 一 八 from VNĐ 五. 八 二 trillion in 二0 一 七.
Leading the financial sector were co妹妹ercial banks.
Asia Co妹妹ercial Bank (ACB) reported VNĐ 五. 一 三 trillion in net profit for 二0 一 八, up 一 四 三 per cent.
The figures for Sài Gòn-Hà Nội Bank (SHB) and National Citizen Co妹妹ercial Bank (NVB) were VNĐ 一. 六 六 trillion and VNĐ 三 九. 二 五 billion, up 七. 八 per cent and 七 九 per cent, respectively.
Among other financial firms, securities companies posted lower earnings for 二0 一 八.
The real estate sector also performed well in 二0 一 八 with total post-tax profit rising 三 五. 五 per cent to VNĐ 一. 五 八 trillion from VNĐ 一. 一 七 trillion in 二0 一 七 thanks to cost cuts and higher total sales.
The sectors that saw strong declines in profits included construction. Forty of 六 八 construction firms on the HNX posted lower earnings in 二0 一 八 compared to 二0 一 七. The sector’s total post-tax profit fell by 五 一. 一 per cent to VNĐ 一. 六 四 trillion from VNĐ 三. 三 八 trillion.
Thirty-five of the 三 六0 companies reported losses of at least VNĐ 一 trillion in 二0 一 八, down 一 五. 三 per cent year on year. However, the number of loss-reporting companies was 三 五, up 一 六. 七 per cent. — VNS
