There are businesses with profits many times higher than last year.

Standing out among the real estate companies is Van Phat Hung Joint Stock Company (stock code VPH) which reported a remarkable net profit in the third quarter of 2024 of nearly 183 billion VND thanks to a share transfer profit of 349 billion VND. This figure is many times higher than the loss of 20 billion VND in the same period last year, helping the company to have a remarkable profit of more than 145 billion VND after 9 months.

The highly profitable information company in the third quarter of 2024 has completed the legal approval for the investment policy of the 16.7-hectare Nhon Duc Nha Be Residential Area project. From there, the company transferred 99% of its shares in its subsidiary, Nha Be Real Estate Joint Stock Company, to its partner. Currently, the company is completing the final steps to complete the transfer as well as focusing resources to implement the next new projects.

Many businesses achieved profits many times higher than last year.

Similarly, reporting profits many times higher than the same period last year, the Southern Hanoi Housing and Urban Development Investment Corporation (stock code NHA) had a sudden profit of nearly 12 billion VND while in the third quarter of 2023 it only made a profit of 60 million VND. The company said its profits increased thanks to increased revenue from the real estate segment.

Or Hoang Huy Financial Services Investment Joint Stock Company (stock code TCH) reported that the second quarter of fiscal year 2024 (period from July 1 to September 30) achieved a gross profit of VND 519 billion, an increase of more than 10 times compared to the same period last year.

Also with a profit increase in times can be mentioned Vietnam Maritime Transport Joint Stock Company (stock code VOS) reported a total revenue of more than 1,281 billion VND in the third quarter of 2024 and still a loss of more than 15.3 billion VND. However, in the first 9 months of 2024, the company achieved a profit after tax of more than 344 billion VND, 6.7 times higher than the same period last year. Compared to the pre-tax profit plan of 323 billion VND approved by shareholders, the company has far exceeded the business plan for the whole year. Similarly, Phuong Dong Viet Transport and Logistics Joint Stock Company (stock code PDV) in the third quarter of 2024 achieved a profit after tax of more than 166.8 billion VND, more than 9 times higher than the same period last year. In total, after 9 months, the company had a profit after tax of 223 billion VND, 4 times higher than the same period last year.

Notably, Masan Group (stock code MSN) also reported a profit after tax for parent company shareholders of VND701 billion, 14.6 times higher than the same period last year thanks to growth in business activities and a decrease in net interest expenses and no costs arising from exchange rate fluctuations.

Vietnam Disinfection Joint Stock Company (stock code VFG) recorded a 19% increase in revenue to VND 885 billion in the third quarter of 2024. Benefiting from the sudden increase in profits from joint ventures with VND 166 billion (no increase in the same period last year), the company achieved a profit after tax of nearly VND 183 billion in the third quarter of 2024, nearly 3 times higher than the same period last year and the highest profit in its history of operations...

Source: https://thanhnien.vn/xuat-hien-nhung-doanh-nghiep-co-loi-nhuan-gap-nhieu-lan-nam-truoc-185241027155841574.htm