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Tuesday, June 25, 2024

Becamex TDC incurs losses of VND365 billion in 2023

The Saigon Times

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HCMC – Binh Duong Trade And Development JSC (Becamex TDC), whose TDC shares are traded on the Hochiminh Stock Exchange, has said that it incurred losses of nearly VND365.7 billion last year.

The company made just VND502.9 billion in revenue in 2023, down by a sharp 79.8% over the previous year. Its financial loss amounted to VND365.7 billion in all of last year, in stark contrast to its after-tax profit of VND17.59 billion in 2022.

In the fourth quarter of 2023, Becamex TDC reported VND130.6 billion in revenue, plummeting by 30.4% over the same period last year. Its financial losses were VND36.9 billion.

Closing the trading session today, January 26, TDC shares inched down by 0.42% to VND9,500 each, with 100,300 shares transacted on the HCMC exchange.

Backed by bank stocks, the VN-Index of the Hochiminh Stock Exchange added 5.3 points, or 0.45%, against yesterday’s session at 1,175.67 points, thus putting an end to three sessions of losses.

The southern stock market saw 253 stocks advancing and 193 others declining. A total of 575.2 million shares valued at VND12.9 trillion changed hands, up 6% in volume and 14% in value against the previous session.

Block deals contributed nearly VND1.95 trillion to the overall value, with more than 77 million shares transacted.

ACB performed well today with a 1.94% increase, closing at VND26,300, while other stocks like VIB, VCB, TCB, BID and HDB enjoyed an uptick of around 1%.

GVR stole the spotlight as it rose by 2.6% to VND21,450 per share. Meanwhile, SHB took lead by liquidity with over 21.7 million shares traded, ending the session at VND12,350 per share.

On the Hanoi Stock Exchange, the HNX-Index edged up 0.4% to 229.43 points, with 101 advancers and 57 decliners. There were 59.4 million shares valued at VND910 billion transacted on the northern market.

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