HCMC – Net profit at Viettel Post Joint Stock Corporation (HOSE: VTP) fell 43.7% year-on-year to nearly VND39 billion in the first quarter of this year, according to its consolidated earnings report.
Its revenue from sales and services declined 5.6% to VND4.76 trillion, mainly due to lower prepaid card revenue. Gross profit dropped more than 3% to VND256.3 billion.
The company’s financial income nearly doubled to VND34.97 billion. However, its expenses rose across categories. Its financial costs increased 78% to over VND32 billion, largely driven by borrowing costs. Its selling expenses rose 50% to VND41.7 billion, while its administrative costs climbed 12% to VND166.5 billion. Pre-tax profit of the company fell 41.6% to VND51.7 billion.
For 2026, Viettel Post looks to obtain revenue of VND19.52 trillion and pre-tax profit of VND515 billion. After the first three months, it has achieved 24.3% of its revenue target and 10% of its profit goal.
Closing the trading session today, May 5, VTP declined 3.09% to VND65,900, with over one million shares changing hands.
The VN-Index rose 20.79 points, or 1.12%, to 1,874.75 points on the Hochiminh Stock Exchange despite losers outnumbering winners by 213 to 97, led by strong gains in Vingroup-related stocks.
Trading volume reached more than 766.7 million shares with a value of VND21.4 trillion. Volume rose nearly 11% and value edged up 1% from the previous session. Block deals accounted for nearly 72 million shares worth VND3.43 trillion.
Vingroup-related stocks were the main drivers. VHM rose 6.5% to VND151,200. VRE gained 4.5% to VND35,200. VIC increased 3.54% to VND219,500, while VPL added 3.3% to VND88,000. These stocks contributed more than 23 points to the index.
Other large-cap stocks also advanced. VPB climbed nearly 4% to VND28,000. LPB rose more than 2% to VND48,100. GAS and PLX reversed earlier losses to close slightly higher.
Declines were limited. Only ACB, GVR, and SHB fell by more than 2%.
Mid- and small-cap stocks showed gains, particularly in oil and gas shares. ASP hit its ceiling price at VND6,510. PVT jumped 6.7%, BSR gained 5.9%, PVP increased 5.8%, and PVD climbed 3.9%.
NVL continued to come under strong selling pressure. The stock plunged to its floor price of VND17,800 for a second straight session. Matched volume exceeded 33.3 million shares, with more than 44.6 million shares remaining at their floor price.
On the Hanoi Stock Exchange, the HNX-Index fell 2.62 points, or 1.05%, to 247.42 points. Trading volume reached more than 68.2 million shares valued at a total of VND1.26 trillion.
