HCMC – Phuoc Hoa Rubber Joint Stock Company, whose PHR shares are traded on the Hochiminh Stock Exchange (HOSE), reported VND242 billion in after-tax profit in the fourth quarter of last year, up by 55% versus the year-ago period.
Its revenue in Q4/2024 reached VND626.07 billion, up by 35.8% year-on-year.
The firm attributed its strong profit growth in Q4 to the spike in latex prices, leading to higher gross profit from rubber product manufacturing and business activities.
In 2024, Phuoc Hoa Rubber posted revenue of VND1.63 trillion, up by 20.9% year-on-year, while its net profit after tax fell by 25.2% to VND494.95 billion.
The company had set a target of VND1.46 trillion in total revenue and VND277.18 billion in before-tax profit for the year. By year-end, it posted pre-tax profit of VND555.81 billion, surpassing its annual target by 200.5%.
Closing the trading session today, February 3, PHR inched up by 0.98% against the previous session, with 164,400 shares changing hands.
On the southern bourse, heavy selling sent the market down on the first trading day after the Lunar New Year holiday (Tet).
The VN-Index dropped by 12.02 points, or 0.95%, against the trading session on January 24, to 1,253.03 points, with 166 winners and 308 losers.
Total trading volume was over 547 million shares worth VND13.96 trillion, up by 2% in volume and 14.4% in value. Block deal transactions contributed nearly 41.5 million shares worth VND1.16 trillion.
The FPT stock was the highlight of the session, dropping over 5.1% to a daily low of VND145,500 per share, with 12.75 million shares traded, nearly four times the 10-day average, making it the most active session for the stock in over seven months. The decline in FPT alone took more than 2.66 points off the VN-Index.
The banking sector added more pressure in the afternoon session, with three major stocks – VCB, BID, and TCB – collectively dragging the VN-Index down by nearly 3.5 points.
Among bank stocks, only SHB gained nearly 1.5%, while CTG edged up by 0.13%. SHB remained the most actively traded stock on the market, with over 18.1 million shares matched.
On the northern exchange, the HNX-Index added merely 0.48 points, or 0.21%, at 223.49 points, with 84 advancers and 70 decliners. Over 42.77 million shares worth VND684 billion were traded.
