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Thursday, April 25, 2024

Deo Ca Infrastructure gains hefty profits in Q1

The Saigon Times

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HCMC – Deo Ca Traffic Infrastructure Investment JSC, which trades its HHV shares on the Hochiminh Stock Exchange, is expected to gain VND109 billion in after-tax profit in the first quarter of 2024, climbing 32% compared to the same period last year.

The company’s revenue between January and March reached around VND669 billion, up 24% versus the year-ago period.

In 2023, Deo Ca Infrastructure recorded consolidated revenue of VND2,686 billion, an increase of over 28% year-on-year and surpassing the plan by 8%. Its after-tax profit amounted to VND362 billion, rising by 22% year-on-year and surpassing the plan by 7%.

At the end of the trading session today, March 29, HHV declined by 0.96% against yesterday’s session, closing at VND15,500.

With losers outnumbering winners by 296 to 159, the VN-Index of the Hochiminh Stock Exchange shed by 6.09 points, or 0.47%, against yesterday’s session, at 1,284.09 points.

There were 922.5 million shares worth VND23.2 trillion changing hands on the southern bourse, down by 7.8% in volume and 10.3% in value. Block deals contributed VND3.8 trillion to the overall value, with more than 132 million shares transacted.

The VN30 basket saw only seven stocks gaining and 22 others declining.

VIB outperformed others with a 1.4% increase, while VRE, ACB, VPB, GVR, MWG, and VIC saw slight increases of less than 0.5%. Conversely, MSN declined further, losing 2.4% and closing at the daily low of VND74,200.

The biggest influence on the overall index came from two major bank stocks, VCB and BID, which together took away more than one point and nearly 0.7 points from the index, respectively.

At the close of the session, the HNX-Index of the northern bourse dropped by 1.33 points, or 0.55%, at 242.58 points, with 81 stocks gaining and 89 stocks declining. The total trading volume reached 76.13 million units, valued at VND1,655 billion.

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