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Top global hedge funds tripled gains for clients in 2023

Top global hedge funds tripled gains for clients in 2023

The world's 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with activist TCI Fund Management leading the pack, according to data published by LCH Investments on Monday.
Coteccons reports highest profit in 10 quarters

Coteccons reports highest profit in 10 quarters

Leading construction company Coteccons reported after-tax profits of VND67 billion (US$2.8 million) for the third quarter, its highest in the last 10 quarters.
October 31, 2023 | 11:25 pm PT
Novaland back in the black

Novaland back in the black

Real estate developer Novaland reported an after-tax profit of VND136.7 billion (US$5.7 million) in Q3, after two quarters of losses.
October 30, 2023 | 08:18 pm PT
Vinasun’s profit plummets by half

Vinasun’s profit plummets by half

Taxi operator Vinasun saw its post-tax profit plunge 46% year-on-year to VND32.8 billion ($1.33 million) in the third quarter.
October 27, 2023 | 05:27 am PT
More banks post profit declines in Q3

More banks post profit declines in Q3

Several banks have reported a decline in profits in the third quarter due to rising costs and provisioning.
October 23, 2023 | 12:25 am PT
Securities firms enjoy flourishing Q3 earning results

Securities firms enjoy flourishing Q3 earning results

In the context of a vibrant market and increased liquidity, most securities businesses report flourishing earnings results in the third quarter.
October 22, 2023 | 05:00 am PT
SASCO profits nearly quadruple in third quarter

SASCO profits nearly quadruple in third quarter

The Southern Airports Services JSC (SASCO) reported after-tax profits of VND131 billion (US$5.4 million) for the third quarter, its highest since 2019, and up 3.7 times year-on-year.
October 18, 2023 | 09:45 pm PT
Hoang Anh Gia Lai profits down despite hotel sale

Hoang Anh Gia Lai profits down despite hotel sale

Agricultural firm Hoang Anh Gia Lai, once a major property developer, has reported after-tax profits of VND324 billion (US$13.5 million) for the third quarter.
October 18, 2023 | 06:46 pm PT
Profit halves for ex-Shark Tank panelist's company

Profit halves for ex-Shark Tank panelist's company

The Infrastructure and Transport Construction Investment Joint Stock Company reported its after-tax profits fell by 47% year-on-year in the first half to VND26 billion ($1.07 million).
September 23, 2023 | 08:14 pm PT
Honda posts 78% jump in Q1 operating profit

Honda posts 78% jump in Q1 operating profit

Japan's Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by both increased sales, especially in the North American market, and a weaker yen.
August 9, 2023 | 12:01 am PT
Higher interest expenses, lending difficulties drag down banks’ income

Higher interest expenses, lending difficulties drag down banks’ income

Interest expenses skyrocketed for banks in the second quarter as rates soared, while lending difficulties slowed down interest income growth.
August 6, 2023 | 12:00 am PT
State-owned banks report biggest profits in H1

State-owned banks report biggest profits in H1

Three state-owned lenders Vietcombank, BIDV and Vietinbank have reported the highest profits for the first half of the year.
August 1, 2023 | 08:39 pm PT
Food producer KIDO posts biggest profit in 8 years

Food producer KIDO posts biggest profit in 8 years

Food producer KIDO posted a pre-tax profit of VND727 billion ($30.75 million) in the first six months, up 71% year-on-year and the highest in eight years.
July 20, 2023 | 06:11 pm PT
Restaurant operator Golden Gate expects profit plunge

Restaurant operator Golden Gate expects profit plunge

Golden Gate, the operator of Vietnamese restaurant chains Kichi Kichi, Gogi House and Manwah, has forecast a profit plunge of 75% to VND167 billion ($7.1 million) this year.
June 15, 2023 | 06:00 pm PT
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