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CNG Vietnam earns before-tax profit of VND11.14 billion in Q1

The Saigon Times

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HCMC – CNG Vietnam Joint Stock Company (stock code: CNG), a compressed natural gas supplier, recorded revenue of VND738.13 billion and before-tax profit of VND11.14 billion in the first quarter of 2023.

CNG Vietnam’s revenue and before-tax profit reached 99.82% and 49% of the first quarter’s plan, respectively, according to the January-March earnings report by the firm.

However, its revenue and after-tax profit plunged by 26% and 75% year-on-year, respectively.

CNG Vietnam targets over VND3,458 billion in revenue this year, up 6.8% compared to the 2022 plan and equal to 82.6% of the 2022 figure. Its before-tax profit is expected to reach VND106.81 billion.

CNG closed the trading session today, April 13, up 0.18% from the session earlier at VND28,300, and reported a matching volume of 211,300 shares.

Regarding the stock market today, with 121 gainers and 268 losers, the VN-Index of the Hochiminh Stock Exchange slid 5.15 points, or 0.48%, at 1,064.3 points.

Trade on the southern bourse totaled over VND11.35 trillion worth of 671.5 million shares, down 8.9% in value and 6.6% in volume over the previous session, including 77.3 million shares valued at VND1.389 trillion traded in block deals.

NVL continued to take the lead by liquidity today with over 32.76 million shares transacted, followed by VND with 30.57 million shares and DIG with 24,48 million shares.

On the Hanoi Stock Exchange, the HNX-Index slid 2.1 points, or 0.99%, to 209.84 points, with 60 winners and 111 losers.

The total trading volume reached 87.5 million shares valued at over VND1,270 billion, down 9.5% in volume and 5.5% in value.

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