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Thien Long Group’s profit plunges in Q3

The Saigon Times

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HCMC – Thien Long Group, whose TLG stock is listed on the Hochiminh Stock Exchange, saw its after-tax profit in the third quarter plunging 43% year-on-year to only VND59.46 billion.

The company generated VND785 billion in net revenue between June and September this year, a 13% decrease versus the year-ago period.

In the first three quarters, it achieved net revenue of over VND2.77 trillion, the same as in the same period last year. However, due to higher input costs, the company’s after-tax profit tumbled by 19% to VND327.7 billion.

It attributed the sharp declines in revenue and profit to the waning consumer demand in domestic and international markets.

Closing the trading session today, October 27, TLG rose by 1.2% versus yesterday’s session, to VND50,600 per share, with around 33,500 shares changing hands.

On the HCMC bourse, the VN-Index of the Hochiminh Stock Exchange  saw a turnaround, adding 5.17 points, or 0.49% against yesterday’s session, at 1,060.62 points, with 309 winners and 165 losers.

Trade totaled 1.17 billion shares worth over VND23.2 trillion, down 40.85% in volume and 41.06% in value against the previous day. Block deals contributed nearly VND1.32 trillion to the overall value, with 53.3 million shares transacted.

DIG and DXG closed at their ceiling prices of VND21,150 and VND17,400, respectively, with a trading volume of less than 20 million shares each.

Meanwhile, VND rose by 1.1%, and SSI surged by 2.6%, both with over 20 million shares changing hands, ranking among the top five stocks with the highest trading volume on the southern exchange.

On the Hanoi Stock Exchange, the HNX-Index added 3.06 points, or 1.42%, to 218.04 points, with 113 advancers and 61 decliners.

The total trading volume reached 79.2 million shares, worth over VND1.36 trillion, including some VND113.1 billion worth of shares traded in block deals.

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