Profit growth setting up PVI Insurance for further gains

Profit growth setting up PVI Insurance for further gains

Despite mounting hardships, many businesses have weathered stormy times to post upbeat performance – and Vietnam’s most profitable non-life insurer, PVI Insurance, is a shining example.
Social resurgence pointing to auspicious outlook for SABECO’s profit margins

Social resurgence pointing to auspicious outlook for SABECO’s profit margins

The financial prospects for Saigon Beer-Alcohol-Beverage Company (SABECO) appear brighter as 2022 approaches, despite prolonged social distancing measures in Vietnam producing a difficult year for all.
Xiaomi posted strong revenues and profit growth in the second quarter of 2021

Xiaomi posted strong revenues and profit growth in the second quarter of 2021

Xiaomi Corporation, a consumer electronics and smart manufacturing company, has generated total revenues of $13.54 billion and adjusted net profits of $971.58 million in the second quarter of 2021, up 64 and 87.4 per cent on-year respectively.
Quy Nhon Port makes strong profit in H1 despite COVID-19

Quy Nhon Port makes strong profit in H1 despite COVID-19

Quy Nhon Port JSC handled over six million tonnes of goods in the first six months of 2021 while after-tax profit almost doubled to VND115 billion ($5 million).
Vissan records low profit in first half

Vissan records low profit in first half

Vissan JSC recorded a decrease in profit before tax of 13 per cent to VND76.6 billion ($3.33 million), over the same period last year.
Danang Rubber JSC gained high profits but a negative cash flow

Danang Rubber JSC gained high profits but a negative cash flow

Danang Rubber JSC – one of the biggest tyre manufacturers in Vietnam, recorded decent profits but faced a negative operating cash flow.
Hanoi house owners live in rentals to lease out properties for profit

Hanoi house owners live in rentals to lease out properties for profit

Even though he has invested in real estate for more than 10 years and owns houses from the north to the south of Vietnam, Nguyen Kien still lives in a rented house in Hanoi's Cau Giay District.
PNJ reached over half of after-tax profit of 2021 in first five month

PNJ reached over half of after-tax profit of 2021 in first five month

Phu Nhuan Jewelry JSC (HSX: PNJ) has just announced its business results for May, with strong growth reported in revenue from retail, wholesale, and gold bars. In May, PNJ estimated its net revenue at VND1.59 trillion ($69.13 million), up 56.5 per cent over the same period in 2020.
Phat Dat settles $22.5 million foreign loan

Phat Dat settles $22.5 million foreign loan

Phat Dat has demonstrated its high commitment and strong financial stead with the prompt settlement of $22.5 million foreign loans.
Banks pocket hefty profits in first quarter

Banks pocket hefty profits in first quarter

Local commercial lenders posted soaring profits in the first quarter, driven by escalating interest income and a jump in earnings from services.
PNJ targets higher revenue and profit this year

PNJ targets higher revenue and profit this year

PNJ has set targets of more than VND21 trillion ($913 million) of revenue and net profit of VND1.23 trillion ($53.5 million) this year.
Four months of big pharma profit could pay for COVID-19 vaccination of poorest half of humanity

Four months of big pharma profit could pay for COVID-19 vaccination of poorest half of humanity

Vaccinating the poorest half of humanity (3.7 billion people) against COVID-19 could cost less than what the 10 biggest pharmaceuticals make in four months.
Fahasa estimates 90 per cent drop in profit due to COVID-19

Fahasa estimates 90 per cent drop in profit due to COVID-19

Fahasa has been rocked by the COVID-19 pandemic and the ensuing social distancing forced the company to revise its business targets for the year.
Leading drug maker Pharbaco to list on UPCoM next week

Leading drug maker Pharbaco to list on UPCoM next week

Pharbaco is expected to trade 40 million shares on the UPCoM on November 26 at the reference price of VND11,500 ($0.5) per share.
Banks report higher profit

Banks report higher profit

Banks are reporting better profit for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.
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