Hoi An Tourism Service Joint Stock Company, the unit operating the first and oldest hotel in Hoi An, reported revenue in the second quarter of 2023 reaching 26.3 billion VND, 2.7 times higher than the same period last year and profit after tax reaching nearly 710 million VND while in the same period it lost nearly 4.7 billion VND. In the first 6 months of this year, the company achieved revenue of more than 47.3 billion VND and profit after tax of nearly 839 million VND compared to the same period last year (the first 6 months of 2022 lost 11.69 billion VND).
Of which, Hoi An Hotel contributes more than 50% of the company's revenue. The rest comes from Hoi An Travel Company Limited, Sea Tourist Area and Tam Thanh Resort. Previously, on April 27, the company's HOT shares were forced to be delisted due to 3 consecutive years of losses. Currently, HOT shares are being traded on UPCoM.
Hotels and resorts have escaped losses as tourists increase again.
Another company that escaped losses after the first 6 months of this year is Ninh Van Bay Tourism Real Estate JSC - the company that owns the most luxurious resorts in Vietnam today such as Six Senses Ninh Van Bay. The report shows that the company achieved revenue of 184.7 billion VND, an increase of 10.7% over the same period last year. The company's after-tax profit reached more than 22 billion VND, of which the parent company's profit was more than 7.2 billion VND while in the same period it suffered a loss of 12.9 billion VND.
The company assessed that in 2023, domestic tourism and localities with resorts in particular have shown many signs of recovery and better development. The 6-month business performance of the resorts is very positive. At the same time, the company also recorded a return of 18.3 billion VND from the provision for capital investment in Tan Phu Tourism Joint Stock Company...
Meanwhile, Thanh Thanh Cong Tourism Joint Stock Company - with a hotel system such as TTC Hotel - recorded revenue in the first 6 months of this year reaching more than 303.6 billion VND, an increase of 22.3%. In the second quarter of 2023 alone, the company earned nearly 7.8 billion VND, helping the accumulated first 6 months of the year escape losses with a profit of 1.11 billion VND. However, compared to the first 6 months of 2022, Thanh Thanh Cong's profit has decreased by nearly 50%.
Businesses explained that in the context of the global economic recession, rising interest rates and corporate income tax costs were the main factors reducing profits.
Meanwhile, Saigon Hotel Joint Stock Company - the management unit of Saigon Hotel, one of the oldest hotels in Ho Chi Minh City - after the first 6 months of this year achieved revenue of more than 20.5 billion VND, more than double compared to the same period last year. The company achieved after-tax profit of more than 9.45 billion VND, 4.2 times higher than the same period...
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