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VietNamNews

Most HNX firms see profit in Q2

Update: August, 29/2015 - 09:02

A production line at TNG Investment and Trading Company (TNG), listed on HNX. — VNA/VNS Photo Hoang Hung

HA NOI (VNS)— About 86 per cent of the 357 listed companies on the Ha Noi Stock Exchange (HNX) made profits in the second quarter of this year.

The companies made a total profit of VND4.3 trillion (US$191 million), a slight increase over last year.

The high ratio of profit-making reflects the positive performance of the macro-economy.

Among 307 profit-making companies, 99 industrial producers recorded the highest profit of nearly VND2 trillion ($88.4 million).

Twenty five mining and energy firms recorded a sum profit of VND974 billion ($43.3 million) (22.7 per cent of the market total), followed by the finance sector with a sum profit of VND927.8 billion ($41.2 million, 22.7 per cent of the market total).

Other sectors contributed about 30.2 per cent of the market total profit, equal to VND1.3 trillion ($57.8 million).

Forty nine listed companies or 13.7 per cent of all listed companies on the HNX reported losses in the second quarter – a decrease of 1.1 per cent from last year's figure. Total losses were VND220 billion ($9.78 million).

Among them, traders and service suppliers made the highest loss of VND51.7 billion ($2.3 million). This was equal to 23.4 per cent of the market's total losses.

Following this, construction companies recorded a sum loss of VND43.2 billion ($1.92 million, 19.6 per cent of market losses).

Nine other sectors accounted for more than half of the market total loss of VND125.5 billion ($5.6 million).

HNX reported that listed companies that were not parent companies had to publish their second quarter financial reports on July 20. Parent companies had to do so on August 14.

According to HNX, 357 listed companies need to publish their financial reports for the second quarter of this year. Up to August 25, only one of them had not published the company's report.

Under the regulations of HNX, the company may be warned, suspended or removed from the stock market because of its late submission. — VNS



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