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Vinhomes earns VND21.6 trillion in after-tax profit in H1

The Saigon Times

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HCMC – Vinhomes JSC, which trades its VHM shares on the Hochiminh Stock Exchange, made VND21.6 trillion in after-tax profit in the first six months of 2023, skyrocketing by 295% over the same period last year and reaching 72% of the year’s target.

Vinhomes JSC’s consolidated net revenue in the first half of the year totaled VND62.1 trillion, up 364% year-on-year, thanks to the handover of 5,400 low-rise housing units in the Vinhomes Ocean Park 2 project.

As of the end of June 2023, Vinhomes’ sales revenue reached VND40.6 trillion, mainly coming from the retail channel.

Particularly, the sales revenue in the second quarter amounted to VND24.9 trillion, up 58% compared to the first quarter. This positive business performance indicated signs of market recovery and improvement in liquidity.

Recently, Vinhomes has launched several large-scale projects, including Vinhomes Sky Park – a luxury apartment building tower combined with the first commercial center in Bac Giang Province, and the Glory Heights subdivision inside the Vinhomes Grand Park in HCMC.

Closing the trading session today, July 28, VHM stock was one of the main drivers of the VN-Index as it surged by 2.43% to VND58,900 per share, with over 2.8 million shares changing hands.

Regarding the stock market today, the VN-Index of the Hochiminh Stock Exchange added 10.34 points, or 0.86%, over the previous session, at 1,207.67 points, with 328 advancers and 139 losers.

Trade on the southern bourse totaled over VND21.9 trillion worth of 1.11 billion shares changing hands, down 3.39% in value over the session earlier. Around 66.1 million shares valued at around VND1.42 trillion were traded in block deals.

Stocks of securities companies remained the best performers in the market, with the majority of them rising today. Specifically, VND ended the session up 4.6%, reaching VND20,300 per share, with over 55 million units traded.

NVL closed 2.8% higher, at VND18,350 per share, and took the lead by market liquidity, with over 70 million shares changing hands.

On the Hanoi Stock Exchange, the HNX-Index added 1.89 points, or 0.8%, to 237.54 points, with 117 winners and 71 losers. The total trading volume amounted to 121.97 million shares, with a value of over VND1.92 trillion.

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