Vingroup Corporation (stock code: VIC) recently announced its consolidated financial report for the second quarter of 2024 with net revenue reaching VND 43,304 billion, down 8.4% over the same period.
However, thanks to a sharp increase of 167% in financial revenue, reaching VND 11,177 billion, Vingroup's after-tax profit in the second quarter of 2024 increased by 71% over the same period, reaching VND 684 billion.
In the first 6 months of 2024, billionaire Pham Nhat Vuong's enterprise recorded net revenue of VND 65,043 billion, down 24.6% over the same period in 2023 and after-tax profit of VND 2,019 billion, more than double the same period.
In the first half of the year, Vingroup said Vinfast delivered 21,747 electric cars, up 92% year-on-year.
By the end of the second quarter of 2024, the value of the Group's cash and cash equivalents portfolio was at a "huge" level, reaching VND 28,543 billion (an increase of more than VND 500 billion compared to the beginning of the year), of which bank deposits contributed the largest amount, VND 27,350 billion.
VIC stock fluctuations since the beginning of the year Source: Fireant
On the market, VIC shares are priced at VND42,000/share, down slightly from the beginning of the year. Chairman Pham Nhat Vuong currently holds more than 691 million VIC shares, estimated to be worth more than VND29,000 billion (equivalent to USD1.1 billion).
In the same direction, Hoa Phat Group Joint Stock Company (stock code: HPG) of billionaire Tran Dinh Long in the second quarter of 2024 recorded positive results when net revenue reached VND 39,555 billion, up 34% and after-tax profit was VND 3,320 billion, VND 1,800 billion higher than the same period.
In the first 6 months of the year, the Group achieved 70,408 billion VND in net revenue, up 26% and 6,189 billion VND in after-tax profit, up more than 3 times over the same period last year.
By the end of the second quarter of 2024, the value of Hoa Phat's cash and cash equivalents portfolio will be VND 13,032 billion, an increase of nearly VND 800 billion compared to the beginning of the year.
Mr. Tran Dinh Long is known as the richest tycoon on the Vietnamese stock market when he owns more than 1.6 billion HPG shares. Temporarily calculating the closing price of HPG shares on August 2 at VND27,250/share, the estimated value of these shares is about VND43,600 billion (equivalent to USD1.7 billion).
In addition, Masan Group Corporation (stock code: MSN) in the second quarter of 2024 recorded VND 20,134 billion in net revenue , an increase of 8% over the same period in 2023 thanks to the thriving retail consumer segment.
After deducting all expenses and taxes, Chairman Nguyen Dang Quang's group reported a net profit of VND946 billion , double that of the same period.
In the first 6 months of the year, Masan's net revenue increased slightly by 4%, to nearly 39,000 billion VND. Profit after tax increased sharply by 64%, to 1,424 billion VND . Masan's cash and cash equivalents portfolio was at 18,158 billion VND, an increase of 8,000 billion VND compared to the beginning of the year.
Besides being the head of Masan Group, Mr. Nguyen Dang Quang is currently Vice Chairman of the Board of Directors of Vietnam Technological and Commercial Joint Stock Bank (Techcombank, stock code: TCB).
At Masan, Mr. Quang owns only 15 MSN shares. At Techcombank, Mr. Quang owns more than 18.8 million TCB shares, estimated to be worth about VND441 billion.
Source: https://nld.com.vn/doanh-nghiep-cua-3-ti-phu-viet-dang-lam-an-ra-sao-196240803112143941.htm
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