The Vinhomes Ocean Park, a project developed by real estate firm Vinhomes JSC (Photo: vinhomes.vn) Hanoi (VNS/VNA) - Twenty-five companies have entered the “one-trillion-dongprofit club” for January-June, despite the economy beingravaged by the COVID-19 pandemic.
Leading the chart is residential real estate firm Vinhomes JSC – a member ofconglomerate Vingroup JSC.
Vinhomes in the first six months recorded 11.45 trillion VND (490.2 million USD)of post-tax profit, up slightly from last year’s figure, though post-tax profitin the second quarter dropped 55 percent year-on-year to 3.8 trillion VND.
The real estate company attributed the growth of post-tax profit inJanuary-June to successful sales of real estate projects, especially in thefirst quarter when coronavirus hardly had any impact on the Vietnamese economy.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)ranked second with a six-month post-tax profit of nearly 8.8 trillion VND.
The figure was down 3 percent year-on-year.
Five companies which had post-tax profits of between 4 trillion VND and 6trillion VND are PetroVietnam Gas (PV Gas), steel producer Hoa Phat, the VietnamProsperity Joint Stock Commercial Bank (VP Bank), the Vietnam Technological andCommercial Joint Stock Bank (Techcombank), the Vietnam Dairy Products JSC(Vinamilk), and the Joint Stock Commercial Bank for Industry and Trade(Vietinbank).
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)and Asia Commercial Joint Stock Bank (ACB) recorded post-tax profits in thefirst six months of 3.06 trillion VND and 3.47 trillion VND, respectively.
The HCM City Development Joint Stock Bank (HD Bank) announced its post-taxprofit in the first half of the year was 2 trillion VND.
Other companies such as PetroVietnam Power Corporation (PV Power), real estatefirm Novaland, Saigon-Hanoi Joint Stock Commercial Bank (SHB), brewer Sabecoand Vingroup JSC reported post-tax profits ranged from 1 trillion VND to 1.93trillion VND.
Banks continued performing well in the first half of the year despite theimpact of the pandemic as half of the 21 companies in the “one-trillion-dongprofit club” are in the banking sector.
The securities sector had one representative, Techcombank Securities Co (TCBS),recording a 1 trillion VND post-tax profit in the first six months./.
VNA
