HCMC – Quy Nhon Port JSC (HOSE: QNP) said it had realized 83% of its 2024 profit target in the first six months of the year.
The company’s consolidated revenue target for this year is nearly VND1.25 trillion, 28% higher than in 2023, while its pre-tax profit goal is VND115 billion, down by 20% year-on-year.
However, its net revenue in the first half surged by 46% versus the same period of 2023 to VND607.2 billion, while its net profit rose by 47% to VND75.5 billion, according to the company’s consolidated financial statement.
With pre-tax profit of VND95.6 billion in the first half of the year, QNP has achieved 83% of its full-year profit target.
In the second quarter alone, QNP’s net revenue surged by 50% over the same period last year to VND332 billion. The company attributed this improvement to a cargo throughput spike.
The port handled over 3.16 million tons of cargo in the quarter, up by 43%, with container volume rising 20% to more than 42,000 TEUs.
QNP posted after-tax profit of VND43.7 billion in the second quarter, a 36% increase from the same period last year.
In January-June 2024, QNP handled over six million tons of cargo, up by 46.3% year-on-year. Container volume grew by 24.6% to more than 96,000 TEUs.
Following the release of the positive financial results, QNP’s stock price hit the daily ceiling price at VND38,000 at the close today, July 16.
The VN-Index moved sideways on Tuesday with a 0.11% rise to 1,281.18 points, with 211 winners and 215 losers.
Stock trade improved 19% in volume and 14% in value over the previous session, with 684.2 million shares valued at VND16.4 trillion changing hands. Block deals contributed 47 million shares worth VND1.03 trillion to the overall value.
Bank stocks were among the top performers. MBB rose by 2.2% to VND23,550, with 24.7 million shares traded, the highest volume on the southern exchange.
VPB, TPB, CTG, BID and HDB each rose over 1%, while the others slightly advanced, except SSB and VIB which stayed at their reference prices. SHB dropped by 0.42%, with a trading volume of nearly 24.5 million shares, the second highest on bourse.
Blue-chip stocks showed limited movement. BCM rose by nearly 2%, while FPT, BVH, and VJC improved slightly.
Gains in pharmaceutical and healthcare stocks were notable but lacked the volume to significantly impact the market. Many of them closed at their ceiling prices, but most traded around 300,000 shares each, except for DCL with over 2.3 million shares.
The HNX-Index of the Hanoi Stock Exchange added 0.07 point, or 0.03%, to 244.91 points, with 87 advancers and 80 decliners. Trading volume on the northern exchange reached 58.9 million shares valued at VND1.11 trillion.
