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Vinh Hoan’s profit plunges in Q4 2023

The Saigon Times

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HCMC – Vinh Hoan Corporation, whose VHC shares are traded on the Hochiminh Stock Exchange, has released its financial statement for the fourth quarter of 2023, with its after-tax profit plunging by nearly 70% versus the year-ago period.

The company made more than VND2,399 billion in revenue between September and December 2023, falling by 3.57% over the same period in the previous year. Its after-tax profit stood at only VND66.35 billion in the fourth quarter of 2023, down by 66.48% year-on-year.

In 2023, Vinh Hoan posted revenue of nearly VND10,079 billion, a 25.14% decrease against 2022. Its after-tax profit totaled VND949.6 billion, falling by over 52.8% year-on-year yet fulfilling 94.96% of the annual target.

Closing the trading session today, January 25, VHC inched up by 0.35% to VND62,800 per share, with around 307,900 shares changing hands.

With 140 advancers and 301 decliners, the VN-Index of the Hochiminh Stock Exchange lost 2.60 points, or 0.22%, day-on-day, at 1,170.37 points.

Stock trade fell by 26% in volume at 540.5 million shares and 27% in value at VND11.36 trillion. Block deals contributed 59.8 million shares and VND1.35 trillion.

The VN30 index experienced a notable divergence, with seven stocks gaining, 16 losing, and seven others remaining unchanged. MWG was the top performer with a modest increase of 1.8% at VND45,200.

Conversely, SAB decreased by 2.5% to VND58,800, while VIB and BID declined by more than 1%. SHB took the lead by liquidity in the market, with 27.2 million shares transacted.

With 81 winners and 77 losers, the HNX-Index of the Hanoi Stock Exchange moved sideways at 228.52 points, only declining by 0.01% versus yesterday’s session. There were more than 42.55 million shares changing hands with a total value of VND713 billion.

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