HCMC – Hoa Phat Group (HOSE: HPG) achieved 92% of its full-year profit target by the end of the third quarter, with VND9.21 trillion in net profit recorded in the first nine months of 2024.
This represents a 140% year-on-year surge, driven primarily by a strong performance in steel and related products, which accounted for 85% of the profit.
The steelmaker posted VND3.02 trillion in profit after tax in the third quarter, jumping 51% over the same period last year.
Revenue in the third quarter stood at over VND34 trillion, a 19% rise from the same quarter in 2023. In the first nine months, revenue increased by 23% year-on-year to more than VND105 trillion.
Closing the trading session today, October 16, HPG edged down by 0.18% to VND27,100 per share, with a trading volume of over 11.6 million shares.
With 153 winners and 209 losers, the VN-Index lost 1.6 points, or 0.12%, over the previous session, to end at 1,279.48 points.
Trading volume and value dropped by 24.7% and 20% against the session earlier, with 536.5 million shares worth VND13.3 trillion changing hands. Block deals accounted for 54.4 million shares worth VND1.45 trillion.
Steel stocks lost ground today, with NKG and HSG falling 2.09% and 1.44%, respectively.
Securities stocks turned negative compared to the morning session. Only four stocks saw gains, with ORS improving by 2.89% to VND14,250 per share. TVB rose by 1.08% to VND9,400 per share, while BSI and TVS posted modest increases.
APG led the sector’s decline, edging down 2.9% to VND9,700 per share. VND slid by 1.01% to VND14,650 per share, with other stocks seeing minor losses.
VIX took the lead by liquidity with 20.85 million shares changing hands, but it closed flat at VND11,300 per share.
The HNX-Index dipped by 0.69 point, or 0.3%, to 228.26 points, with 54 advancers and 73 decliners. There were 38.5 million shares worth VND785.6 billion being traded on the northern market.
