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Thursday, June 13, 2024

Digiworld’s profit plunges in January-June

The Saigon Times

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HCMC – Digiworld Corporation, which trades its DGW shares on the Hochiminh Stock Exchange, recorded VND162.4 billion in after-tax profit in the first half of 2023, plunging by 53% over the same period last year.

The company generated around VND8.55 trillion in net revenue during the six-month period, a 28% decrease versus the year-ago period.

Digiworld explained that the sharp declines in revenue and profit were attributable to the poor key business operations.

Notably, the sales of laptop and tablet products reached only VND2.4 trillion between January and June, down 28% year-on-year, due to the weakened consumer demand amid tough economic conditions.

With the poor performance in the first half of 2023, Digiworld has achieved only 43% of the year’s revenue target and 41% of the profit target.

Closing the trading session today, August 28, DGW edged up by 3.45% over the previous session to VND56,900 per share, with over 3.18 million shares transacted.

With the strong support from blue-chip stocks, the VN-Index added 18.35 points, or 1.55%, versus the previous session, at 1,201.72 points. The southern bourse saw advancers quadrupling decliners by 419 to 90.

Trade volume totaled 882.85 million shares worth VND19.8 trillion, slightly lower than the figures in the previous session. Block-deal transactions totaled more than 119.31 million units valued at VND2,624 billion.

Almost all stocks in the VN30 basket rallied, except BVH and CTG which closed at their reference prices. Among these, VNM was the main driver to the overall market index as it rose by 4% to VND77,900 per share, with nearly 5.4 million shares traded.

FPT increased by 3.8% to VND94,000 per share with a trading volume of over 2.95 million shares, pushing its market capitalization to over VND119 trillion.

NVL took the lead by liquidity with 33.67 million shares changing hands today. The stock closed the trading session at VND20,000, up 3.1% against the previous session.

On the northern bourse, the HNX-Index inched up 1.98 points, or 0.81%, against the previous session to close at 244.88, with 110 advancers and 74 decliners. There were 99.65 million shares valued at over VND1.75 trillion traded.

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