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Tuesday, June 25, 2024

HBC forecasts 2024 after-tax profit at VND433 billion

The Saigon Times

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HCMC – Hoa Binh Construction Group JSC (HOSE: HBC) has projected its 2024 post-tax profit at VND433 billion, a 3.5-fold increase over 2023, according to its resolution passed on December 14.

HBC looks to make VND10.8 trillion in revenue next year, down by 14% over the 2023 plan.

Facing challenges in meeting its 2023 goals, HBC had incurred net losses of around VND880 billion in the year through September, a notable shift from the VND64-billion profit recorded in the same period in 2022.

Closing the trading session today, December 20, HBC edged up 0.79% over the previous session to VND7,670 per share.

With 318 winners and 151 losers, the VN-Index rose 0.41%, or 4.46 points, to 1,100.76 points.

There were 598.2 million shares worth more than VND13.2 trillion changing hands on the Hochiminh Stock Exchange, down by 8% in volume but up by 3.7% in value compared to the session earlier. Block deals contributed 127.7 million shares and VND3.7 trillion to the overall value.

With around 27.8 million shares being matched, HAG continued to be the most actively traded stock on the market. It closed 0.8% higher than in the previous session, at VND12,500.

The Hanoi Stock Exchange saw 100 stocks gaining and 54 others dipping, with 45.8 million shares valued at VND882 billion changing hands. The HNX-Index increased by 0.89 points, or 0.39%, to 228.16 points.

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