Illustrative photo. (Source: VNA)Hanoi(VNA) – The after-tax profits of listed companies on the Hanoi Stock Exchange(HNX) reached nearly 4.2trillion VND (179 million USD) in the first quarter of this year, down 10.3percent from a year earlier, according to the HNX.
According tothe northern bourse, 341 out of the total 359 HNX-listed firms have released their business performance results in the first threemonths of the year.
Among those,261 made profits with a total profit value of nearly 4.68 trillion VND, ayear-on-year decrease of 6.1 percent, while 80 others reported losses worth of480.5 billion VND, up 59.9 percent year on year.
On a sectorbasis, four out of 11 sectors saw after-tax profit growth, including the industry; healthcare; mining, oiland gas; and information and telecommunications.
Sectors withthe largest contraction in after-tax profits during the period were construction which saw itsprofit slashing by 234.9 billion VND, down 59 percent; and real estate with thetotal profit declining by 143.6 billion VND, down 53.5 percent.
The businessinformation and catering services suffered a loss of 4.8 billion VND in thefirst three months. The sector recorded an after-tax profit of 74.9 billion VNDin the same period last year.
The sector hasbeen severely affected by the COVID-19 pandemic and the government’s DecreeNo.100/2019/ND-CP which gives strict fines to those caught drunk driving./.
VNA
