HCMC — The Vietnam Rubber Group (HOSE: GVR) has exceeded its full-year profit target and will maintain dividend payments after reporting strong results for the first 10 months of 2025.
The firm estimated its consolidated revenue at VND24.63 trillion and its pre-tax profit at VND6.28 trillion as of October, achieving 79% and 108% of its full-year targets, respectively.
VRG said it has secured enough funds to pay a dividend at 4% of charter capital, equivalent to VND1.6 trillion. It also maintained sufficient cash flow to support investment, debt repayment, and operations across subsidiaries.
For the rest of the year, the company aims for consolidated revenue of at least VND32.01 trillion and pre-tax profit of VND6.93 trillion, representing 103% and 119% of its 2025 targets.
Closing the trading session today, October 17, GVR extended its losing streak to the fourth straight session with a 0.37% decrease, settling at VND27,100.
The benchmark VN-Index fell more than 2% on Friday as heavy losses in major bluechip stocks weighed on the market.
The VN-Index dropped 35.66 points to close at 1,731.19, with 96 gainers and 236 decliners on the Hochiminh Stock Exchange.
Trading volume rose 7% to over 1.27 billion shares, while value increased 4% to VND42.08 trillion. Block deals accounted for nearly 82 million shares worth VND4.92 trillion. For the week, the index lost around 16.4 points, or 0.93%.
Vingroup-related stocks led the decline, with VIC down 4.3% to VND204,000, VHM down 4.9% to VND116,000, and VRE falling 5.5% to VND41,000, collectively taking away over 14 points from the main index.
Other major decliners included CTG, LPB, VPB, and VNM, which dropped between 3% and 4%. Bluechips in banking and securities sector declined between 2% and 3%.
Only a few bluechips gained, such as SAB, BCM, and VJC, all up less than 1%. MWG closed flat at VND84,500.
Mid- and small-cap stocks also dropped, with VPL, DSE, TCH, and GEX losing 3% to 6%. SHB was the most actively traded stock with nearly 116 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index shed 0.97 point, or 0.35%, to 276.11 points, with 46 winners and 108 losers. The northern bourse recorded over 104 million shares worth VND 2.65 trillion traded.
