Solar power firms see revenue surge in H1

Vietnamese food and agricultural giant Masan earned Q2 post-tax profit of VND1.19 trillion ($50.76 million), down 50.3 percent year-on year.

H1 pre-tax profits of national carrier Vietnam Airlines fell 11 percent year-on-year despite new routes and higher revenues.

State-owned oil giant PetroVietnam has a profit target of VND20 trillion ($863 million) this year, up 17 percent from last year.

Vietnam Electricity, the sole power distributor, has reported it was back in the black in 2018 after losing over $90 million in the previous year. 

Con Cung reported its after-tax profit grew by around 60 percent a year between 2016 and 2018.  

Samsung Electronics’ four subsidiaries in Vietnam reported first quarter profits were down 29 percent year-on-year with the LCD screen business posting losses.

Zara’s revenues zoomed to VND 1.7 trillion ($73 million) last year, six times the 2016 figure, thanks to the Vietnamese fondness for fast fashion.

Vinhomes is aiming at a 40 percent increase in 2019 after tax profits by expanding to cities outside Hanoi and HCMC.

Ice cream sales lifted KIDO Group’s pretax profits in the first quarter threefold though overall revenues declined.

The huge costs of negotiations to resolve its problem with YouTube this year was partly to blame for plummeting profits, Yeah1 said.

Real estate giant Vinhomes JSC recorded a net profit of VND2.69 trillion in the first quarter, according to its newly-released consolidated financial report.

Securities companies reported profits declined by double digits in the first quarter, blaming negative market conditions.

The Ho Chi Minh Stock Exchange has given approval to the country’s biggest carrier, Vietnam Airlines, to list its shares.