31 C
Ho Chi Minh City
Sunday, July 21, 2024

DHA’s profit surges 20-fold y-o-y in Q2

The Saigon Times

Must read

HCMC – Hoa An JSC, whose DHA shares are listed on the Hochiminh Stock Exchange, reported an extraordinary profit surge in the second quarter this year, beating the figure in the same period last year by over 20 times.

Its revenue from April to June inched up 5% year-on-year to VND101 billion. Thanks to the absence of financial costs and minimal sales-related expenses, its after-tax profit amounted to VND35.3 billion, or a 20-fold surge compared to the figures in the second quarter of 2022.

The company’s revenue in the first half of this year was slightly lower than in the same period last year, at over VND176 billion. Nevertheless, its profit after tax surged by over 138% year-on-year to VND50.75 billion.

At the 2023 general shareholders meeting, the firm targeted to obtain VND365 billion in revenue and VND90 billion in pre-tax profit.

The company plans to pay a 30% dividend in cash for the first tranche of 2023 in the third quarter, meaning shareholders will get VND3,000 for every share held.

The firm has yet to announce the ex-dividend date and payment date.

Closing the trading session today, August 22, DHA shares stayed at the reference price of VND48,800 per share.

The VN-Index of the Hochiminh Stock Exchange saw wild fluctuations today. It plummeted by 24.85 points, or 2.11%, in the morning session, with losers outnumbering winners by a ratio of 414 to 46.

However, the main index made an impressive turnaround at the close, ending up 0.73 points, or a fractional 0.06%, to 1,180.49 points, with 220 stocks rising and 250 others dipping.

There were 1.05 billion shares valued at over VND21.7 trillion changing hands on the southern bourse, lower than in the previous session by both volume and value. Over 75.6 million shares were transacted through block deals, contributing over VND1.9 trillion to the overall value.

Bluechip stocks in the VN30 basket showed resilience, with 15 advancers and 14 decliners. The VN30-Index added 3.19 points to close at 1,193.51 points.

SSI surged by an impressive 6.4% to reach VND30,700 per share and became the most actively traded stock on the market, with a matching volume of over 51.8 million shares.

Other notable performers were SSB, MWG and BVH. They rose by 6%, 2%, and 1.8%, respectively.

VIC was the steepest decliner in the VN30 list with a 2% decrease, finishing at VND64,500, followed by SAB and VCB with a 1.8% loss and a 1.6% dip.

Mid-cap stocks such as DGW, FCM, TV2, ELC, HHS and TCH closed at their ceiling prices, reflecting robust buying sentiment. DBC climbed 5.4% to VND23,500 per share, while VCI improved by 5.2% to VND42,500 per share.

Many securities stocks performed well, including SSI, VCI, VIX, TVB and AGR, as they soared by a range of 3.2% to 6.4%.

The Hanoi Stock Exchange saw the HNX-Index rise by 0.71%, or 1.69 points, to reach 239.65 points, with 87 gainers and 79 losers.

Trading volume on the northern market exceeded 118.6 million shares, valued at over VND2 trillion.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles