Vietnam 

Low-cost carrier Vietjet sets sights high with $1.8b annual profit target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Shareholders at Vietjet’s annual general shareholders’ meeting held in HCM City on Friday. — VNS Photo HÀ NỘI — Vietjet Aviation Joint Stock Company is aiming for nearly VNĐ42.3 trillion (US$1.8 billion) air transport revenue in 2019, 25 per cent higher than last year’s figure. The company also hopes to earn air transport profit of VNĐ3.8 trillion ($163 million) this year. These targets were announced at the company’s annual general shareholders’ meeting held in HCM City yesterday. This year, Vietjet will focus on international route expansion to promote foreign currency revenue from ticketing, take…

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Vietnam 

PV Gas reports 16% increase in Q1 profit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  PetroVietnam Gas Corporation posted a 16 per cent increase in post-tax profit for the first quarter of 2019, which reached VNĐ3.03 trillion. Photo pvgas.com.vn HÀ NỘI — PetroVietnam Gas Corporation (PV Gas) has announced its post-tax profit in the first quarter was up 16 per cent year on year to VNĐ3.03 trillion (US$130.2 million). In the first three months of 2019, the company earned more than VNĐ18.6 trillion in net revenue, a yearly increase of 3 per cent. The company has accomplished 29 per cent of the full-year revenue target…

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Vietnam 

PG Bank targets over $9m pre-tax profit this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The total number of employees at PG Bank by the end of 2018 was 1,504, a decrease of 108. — Photo pgbank.com.vn HÀ NỘI — Petrolimex Group Commercial Joint Stock Bank (PG Bank) targets pre-tax profit of VNĐ211 billion (US$9.06 million) in 2019 and total assets to reach nearly VNĐ32.74 trillion by December 31, 2019, a year-on-year increase of 9 per cent. The figures were released in the recently published document of the annual shareholders’ meeting of the bank. The bank said it would add enough resources to implement debt…

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FPT’s profit rises 23 per cent, driven by software outsourcing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The software outsourcing segment recorded revenue of more than VNĐ2.3 trillion and pre-tax profit of VNĐ329 billion by the end of March, both up more than 37 per cent year on year. — Photo courtesy of the company HÀ NỘI — IT giant FPT Corporation reported first-quarter revenue of nearly VNĐ5.7 trillion (US$244.6 million) and before-tax profit of VNĐ960 billion ($41.2 million). Shares of the company (FPT) rose 1.3 per cent on Thursday on the Hồ Chí Minh Stock Exchange to VNĐ48,500 ($2.08) per share following the information. These results represented growth…

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Vietnam 

VNDirect sees post-tax profit up 31% in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

VNDirect Securities Corporation has targeted post-tax profit to increase a third to VNĐ487 billion (US$21 million) in 2019, reflecting the firm’s cautious stance for the year. Photo nhipcaudautu.vn HÀ NỘI — VNDirect Securities Corporation (VNDS) expects its post-tax profit to grow 31 per cent year on year in 2019 to VNĐ487 billion (US$20.9 million), attendees heard at the firm’s annual shareholder meeting yesterday. According to Phạm Minh Hương, chairwoman of VNDS board of directors and general director, total revenue is forecast to grow one-tenth to nearly VNĐ1.8 trillion. In the first…

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Shanghai Commercial Bank’s 2018 profit up 17 per cent on higher interest income, forfeited Hong Kong Life deposit

Shanghai Commercial Bank said on Tuesday that its profit rose 17 per cent in 2018, driven by higher interest income, particularly in the US, and an “extraordinary contribution” resulting from the failed sale of Hong Kong Life Insurance.The bank, which went private in 2017, reported a profit of HK$2.85 billion (US$363 million) for the year ended December 31, up from HK$2.43 billion a year earlier.“In the year ahead, the bank will take a more cautious approach to preserve good credit quality and… Source link

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Vietnam 

Techcombank targets US$504.3 million in pre-tax profit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. — Photo vietnamfinance.vn HÀ NỘI — Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. The target was approved at its annual shareholders’ meeting held in Hà Nội last week. It also planned to increase its total assets by 17 per cent to VNĐ375.8 trillion this year while holding outstanding loans at VNĐ245.4 trillion, up 32 per cent from…

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Vietnam 

Habeco forecasts profit to drop a third to 10-year low – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A production line at the Hà Nội Beer-Alcohol-Beverage JSC (Habeco). The company has forecast its post-tax profit in 2019 will drop to a 10-year low due to stronger market competition and lower sales volume. — Photo infonet.vn HÀ NỘI — The Hà Nội Beer-Alcohol-Beverage JSC (Habeco) has forecast its post-tax profit will fall 36 per cent year-on-year to VNĐ310 billion (US$13.3 million) in 2019, the lowest in 10 years. The announcement will be reported at the firm’s annual shareholder. Other topics that will be brought up at the meeting include the projection…

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Vietnam 

Hà Nội Stock Exchange sets sights eyes modest profit of$13.2m in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The auction of Vinacomin Waterway Transport Joint Stock Company held at the Hà Nội Stock Exchange on November 22, 2018. The northern market regulator earned VNĐ562.5 billion in total revenue and VNĐ307.4 billion in pre-tax profit last year. HÀ NỘI —The Hà Nội Stock Exchange (HNX) eyes VNĐ308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VNĐ594.3 billion in total revenue, up 5.66 per cent year on year. The northern securities market regulator also plans to pay VNĐ61.6 billion to the State…

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Mengniu Dairy 2018 profit surges 49 per cent, lifted by strong sales, new premium product mix

China Mengniu Dairy, the mainland’s second largest dairy producer, reported a 49 per cent rise in 2018 net profit, bolstered by rising sales and the introduction of premium products.Net profit was up 48.6 per cent to a record 3.04 billion yuan (US$452 million) for the year ended December 31, while revenue jumped 14.7 per cent to 68.98 billion yuan.The company declared a final dividend of 0.181 yuan per share, up 50.8 per cent year on year.Shares in Mengniu jumped 5.5 per cent to close at HK$27… Source link

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