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Airline catering firm sees profits plunge 90 pct

Airline catering firm sees profits plunge 90 pct

Noibai Catering Services (NCS) saw its post-tax profits fall 92.4 percent to VND1 billion ($42,400) as airlines cut flights during the Covid-19 pandemic.
Lending, insurance boost 2020 bank profits

Lending, insurance boost 2020 bank profits

Commercial banks could see their pretax profit grow by 22.5 percent this year with rising income from lending and insurance.
January 25, 2020 | 07:30 am GMT+7
Analysts’ forecasts mixed for listed firms’ profit growth

Analysts’ forecasts mixed for listed firms’ profit growth

Stock brokerages cannot agree on whether listed firms’ profit rate will rise or decline this year from 2019.
January 20, 2020 | 12:14 pm GMT+7
Major state-owned enterprises report fall in profits

Major state-owned enterprises report fall in profits

Nine teen major state-owned enterprises posted pre-tax profits of nearly 100 trillion $4.3 billion in 2019, marking a year-on-year drop of 10 percent. 
January 19, 2020 | 11:23 am GMT+7
Banks not to splurge on Tet bonuses despite surging profits

Banks not to splurge on Tet bonuses despite surging profits

Banks are likely to be conservative about paying Lunar New Year bonuses though many reported a big jump in profits last year.
January 16, 2020 | 11:25 am GMT+7
HCMC Lottery Company profits soar

HCMC Lottery Company profits soar

The HCMC Lottery Company Ltd. made pretax profits of over VND1.3 trillion ($56.29 million) last year, up 13.7 percent from 2018. 
January 13, 2020 | 01:31 pm GMT+7
VietinBank profits surge 83 pct

VietinBank profits surge 83 pct

VietinBank, Vietnam's third largest bank by asset, has reported an 83 percent increase in pre-tax profits to almost VND11.5 trillion ($495 million) in 2019.
January 08, 2020 | 01:33 pm GMT+7
Vingroup airline expects profits in 3 years

Vingroup airline expects profits in 3 years

Vingroup’s Vinpearl Air, a $200 million venture, is seeking to launch its first flight in July with expectations of turning profitable by 2023.
January 03, 2020 | 02:49 pm GMT+7
Vietnam Airlines reports record profit in 2019

Vietnam Airlines reports record profit in 2019

National flag carrier Vietnam Airlines estimates its consolidated pre-tax profit for 2019 at an all-time high of VND3.37 trillion ($146 million).
December 31, 2019 | 10:00 am GMT+7
Vietnam Electricity reports sharp fall in profits on power production

Vietnam Electricity reports sharp fall in profits on power production

Vietnam Electricity’s profits from power production plummeted last year due to rising costs, a new report from the state utility said.
December 19, 2019 | 02:00 pm GMT+7
Bamboo Airways expects profits to take off in 2020

Bamboo Airways expects profits to take off in 2020

Private budget airline Bamboo Airways says it expects profits in the first quarter next year as its fleet expands to 30 aircraft.
December 04, 2019 | 10:41 am GMT+7
Textile firms see profits drop

Textile firms see profits drop

Vietnamese textile firms reported a fall in profits in the first nine months as orders from major markets dried up.
November 20, 2019 | 11:08 am GMT+7
Interest income delivers double digit profit growth for banks

Interest income delivers double digit profit growth for banks

Vietnamese banks have posted double digit profit growth in Jan-Sept 2019, with net interest income accounting for the lion's share.
October 31, 2019 | 11:21 am GMT+7
Leading prawn cracker makers see profits jump 50 percent

Leading prawn cracker makers see profits jump 50 percent

Prawn cracker markers Sa Giang and Bich Chi saw their January-September pre-tax profits increase year-on-year by 47 and 45 percent, respectively.
October 30, 2019 | 09:51 am GMT+7
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