Majority of listed companies report Q4 gains in Hanoi

More than 30 companies, listed on the Hanoi Stock Exchange, have announced their operational results for the fourth quarter of 2014, with most of them reporting positive results.

Tuesday, January 27, 2015 16:54

More than 30 companies, listed on the Hanoi Stock Exchange, haveannounced their operational results for the fourth quarter of 2014, withmost of them reporting positive results.

According to data fromthe exchange, the number of companies reporting losses fell, comparedwith the same period in 2013, especially in terms of the number of firmsand the extent of the losses being reported.

At least 13 listedcompanies saw their profits swell, notably Central Hydropower (CHP),PetroVietnam Nghe An Investment and Trading (PXA), Saigon Petrolimex GasTaxi (PGT) and PetroVietnam Coating (PVB).

CHP earned a netprofit of 215.8 billion VND (10.13 million USD) in the fourth quarter,making up for the losses reported during the first nine months, addingthat its accumulating profit jumped 69 percent from 2013 to 213 billionVND (10 million USD). This clearly surpassed an earlier target of 115billion VND (5.4 million USD) fixed by the company.

Othercompanies reporting gains included PXA and PGT, which also turned theirloss-making operations profitable to avoid being delisted. While PXAreported a profit of only 317 million VND (14,880 USD), PGT pegged itsprofit at 10.2 billion VND (478,870 USD).

As for PVB, its profitduring the fourth quarter of last year rose to 15.3 billion VND (718,300USD), pushing the annual profit to 147.5 billion VND (6.9 million USD),which was 2.5 times more than 2013.

Some 17 other enterprisesalso announced profitable results, but they pointed out that theirprofits had declined, from a year ago. Some reported a drop of almost100 percent, including Kon Tum Sugar (KTS) and Vietnam Construction No 7(VC7).

Meanwhile, three firms reported losses. They arePetroVietnam Gas City Investment and Development (PCG), Song Da YalyCement (SDY) and HCM City Textbook Printing (SAP).-VNA

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