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Banking & Finance

Companies on HNX submit quarterly reports

Released at: 08:42, 27/05/2016

Companies on HNX submit quarterly reports

Photo: Thanh Duc

Industrial companies lead in profits, followed by finance companies.

by Hung Nguyen

Three hundred and seventy two of the 379 companies listed on the Hanoi Stock Exchange (HNX) have submitted their financial reports for the first quarter of 2016.

Figures indicate that in the first quarter the 372 companies recorded a combined after-tax profit of VND2.86 trillion ($127.92 million), an increase of about 1 per cent against the same period last year.  

Some 319 of the 379 companies (86 per cent) earned a profit, totaling VND3.06 trillion ($136.87 million), an increase of 3.55 per cent against the same period last year. Fifty other companies (14 per cent) incurred losses of VND193 billion ($8.63 million) in total, an increase of 67.97 per cent year-on-year.

Industrial enterprises saw the best performance, with 104 out of 319 enterprises recording profits totaling VND949 billion ($42.44 million), accounting for 31 per cent of the total.

Following were finance companies, with 25 recording profit of VND898 billion ($40.16 million), accounting for 29.3 per cent, then trade and hospitality companies, with 43 recording profit of VND467 billion ($20.88 million), accounting for 15.2 per cent.

The industrial sector also saw the largest amount of losses, with 12 enterprises losing VND65 billion ($2.90 million). 

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