Monday, August 21 2017

VietNamNews

FPT Corp tops VN30 in revenues

Update: March, 04/2015 - 08:47

Cows raised at a Vinamilk farm in central Nghe An Province. Despite declining profits, Vinamilk remained the most profitable company in the VN30 basket. — VNA/VNS Photo Van Nhat

HA NOI (VNS) — Among the top 30 largest firms in terms of capitalisation and equity, the FPT Corporation (FPT) had the top revenue, which increased by 22 per cent over 2013 to VND50.3 trillion (US$2.4 billion).

FPT also recorded a net profit of VND2 trillion ($95 million), 0.5 per cent over 2013.

The VN30 group's total revenue last year increased by 19.5 per cent to VND333.6 trillion (US$15.9 billion). Its net profit was more than VND39 trillion ($1.86 billion), a slight increase of 0.43 per cent over 2013's number.

Viet Nam Dairy Products Joint Stock Company (VNM) saw its profit decreased by 7 per cent over 2013 to VND6 trillion ($289 million). However, the company was still the most profitable company in the VN30.

HCM City Infrastructure Investment Joint Stock Company (CII) grew the most last year. Its revenue from sales activity last year was VND2.67 trillion, nearly quadrupling its number in 2013. Its profit was 4.5 times the number for 2013, at VND388 billion ($18.5 million).

CII's significant growth was made as the company increased its income from transport charges and received payments twice for building the Sai Gon Bridge.

Saigon Securities Corporation (SSI) had the second best growth among the 30 largest listed companies. Its revenue doubled and its net profit rose by 78 per cent over 2013.

SSI was the top broker on the HCM City Stock Exchange last year, and rose to the second in terms of market shares on the Ha Noi Stock Exchange.

Among the VN30 companies, some increased their revenue and profits, as they successfully sold their shares and equity to other investors.

Kinh Bac City Development Holding Corporation (KBC) increased its financial revenue after selling its shares in Naviland and quadrupled its profits, ending up with VND340 billion ($16.2 million).

The Ocean Group Joint Stock Company (OGC) also tripled its net profit to VND387 billion ($18.4 million) last year after transferring Ocean Retail to Vingroup.

However, some brands on the list decreased profit and revenue.

Three banks listed on the VN30 – Military Bank (MBB), Sacombank (STB) and Vietcombank (VCB) – saw their revenue decreased. Sacombank's revenue decreased by 7 per cent to VND15.2 trillion ($723 million) and its profit also decreased by 0.9 per cent to VND2.21 trillion ($105 million) last year.

Although its revenue increased by 150 per cent, Vingroup Joint Stock Company (VIC) had the biggest profit decrease among VN30 companies. It was halved, ending at VND3.18 trillion ($151.4 million).

Hoa Sen Group (HSG) also had its profit decreased by 26.5 per cent to VND410 billion ($19.5 million), as it raised the costs for selling products and expanded the channel for product distribution. — VNS



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