Hoa Binh Construction has made a profit; ACV has made a big profit; Vietjet cooperates with OpenAirlines

Hoa Binh Construction has made a profit after 2 years of losses; ACV has the biggest profit in history; Vietjet cooperates with OpenAirlines; Masan Consumer aims for double-digit revenue growth; Electronic equipment distribution giant records highest profit in the fourth quarter.

Hoa Binh Construction has made a profit; ACV has made a big profit; Vietjet cooperates with OpenAirlines

Hoa Binh Construction has made a profit after 2 years of losses; ACV has the biggest profit in history; Vietjet cooperates with OpenAirlines; Masan Consumer aims for double-digit revenue growth; Electronic equipment distribution giant records highest profit in the fourth quarter.

Hoa Binh Construction has made a profit after 2 years of losses.

After 2 consecutive years of business losses of more than 3,600 billion VND, Hoa Binh Construction Group Corporation closed 2024 with more positive results with a profit of 849 billion VND, thereby reducing accumulated losses to more than 2,400 billion VND.

In 2024, HBC will bring in revenue of more than 6,374 billion VND

In the fourth quarter of 2024, Hoa Binh recorded consolidated net revenue of more than VND 1,587 billion, down 28% over the same period; cost of goods sold decreased further, so after deductions, the enterprise recorded a gross profit of more than VND 136 billion, 2.5 times higher than the same period.

Financial revenue was nearly VND49 billion, 2.4 times higher, due to profit from selling investments of nearly VND42 billion, which was not recorded in the same period.

Other profits were nearly 44 billion VND, compared to a loss of nearly 3 billion VND in the same period last year, thanks to the liquidation and sale of fixed assets of more than 37 billion VND, nearly 18 times higher than the same period last year. Finally, HBC's net profit decreased by 88% over the same period to just over 12 billion VND.

In 2024, HBC brought in revenue of more than 6,374 billion VND, down 15%; while net profit was 849 billion VND. Compared to the plan of after-tax profit of 433 billion VND in 2024, Hoa Binh exceeded the target by 97%.

With positive results after 2 consecutive years of business losses of more than 3,600 billion VND, at the end of 2024, Hoa Binh reduced its accumulated loss to nearly 2,412 billion VND.

Total assets decreased slightly compared to the beginning of the year to nearly 15,235 billion VND; of which, accounting for the majority of 70% of assets are short-term receivables of more than 10,720 billion VND, up 1%. Inventories were nearly 1,577 billion VND, down 31%.

ACV highest profit in history

Vietnam Airports Corporation - JSC (ACV) has just announced impressive business results in 2024, with the highest profit in history.

In 2024, ACV recorded net profit exceeding 11,560 billion VND

According to the financial report for the fourth quarter of 2024, the company recorded net revenue of more than VND 5,700 billion and net profit of VND 3,085 billion, impressive growth of 14% and 111% respectively over the same period in 2023.

The strong business performance in the final quarter of the year was supported by three main factors.

First is the strong recovery of the international aviation market.

Second, the reversal of bad debt provisions has significantly reduced business management costs from VND1,395 billion to VND192 billion.

Ultimately, the weakening of the Yen against the VND brought a significant exchange rate gain of more than VND 650 billion.

Looking back at the whole year of 2024, ACV has set many memorable milestones when net revenue reached VND 22,555 billion and net profit exceeded VND 11,560 billion, growing by 13% and 37% respectively compared to 2023. This is also the highest profit in ACV's operating history.

With this result, the airport giant exceeded its revenue plan by 11% and pre-tax profit plan by 53%.

ACV currently plays a key role in Vietnam's civil aviation industry by managing and operating 22 airports nationwide, including 9 international airports and 13 domestic airports such as Tan Son Nhat, Noi Bai, and Da Nang.

This enterprise is also taking on the role of investor in the Long Thanh International Airport project - a key national infrastructure project with a total investment of about 4.6 billion USD in phase 1. This project is receiving special attention and promotion from the Government.

Masan Consumer targets double-digit revenue growth

Masan Consumer Corporation (Masan Consumer) will bring in revenue of more than VND8.9 trillion and nearly VND30.9 trillion in the fourth quarter and 2024, respectively, and net profit of more than VND2.3 trillion and VND7.8 trillion, respectively. In 2025, the Company aims for double-digit revenue growth of 10-15%, reaching VND33.5-35.5 trillion.

In 2025, the Company aims for double-digit revenue growth of 10-15%, reaching VND 33.5-35.5 trillion.

This is driven by strategic growth drivers and the development of the “Retail Supreme” digital supply chain.

According to the Company, these innovations will help digitize traditional retail, supply and demand planning, manufacturing, and distribution, thereby improving supply planning, increasing sales staff productivity, and optimizing ROI of marketing activities.

The company said it will implement a premiumization strategy in the seasoning and convenience food industry, by strengthening its market leadership in the premium segment by shifting from instant noodles to ready-to-eat meals such as self-boiling hot pot, self-cooking rice and portable hot pot. Innovations in the convenience food industry help capture growth in out-of-home consumption trends.

In addition, the Company implemented innovations in the beverage and home and personal care (HPC) categories, with the expansion of the WakeUp247 portfolio and gaining market share in the ready-to-drink (RTD) tea segment with new products from Tea365; restructuring the portfolio to focus on building new products under Chante and Net, participating more deeply in the personal care market.

Or the Go Global strategy expects to achieve growth of 20% or more, by focusing on key markets such as the US, Korea, Japan and the EU with a portfolio of spices, convenience foods and instant coffee products.

Expecting a strong recovery in consumer trends in 2025, the Company decided to move the launch of new products to 2025.

Electronics distribution giant records highest fourth-quarter profit

Digiworld Corporation (Digiworld) has just announced its consolidated financial statements for the fourth quarter of 2024 with net revenue of nearly VND 5.86 trillion, an increase of 21% over the same period last year.

Despite a sharp increase in financial expenses from nearly VND28 billion in the fourth quarter of 2023 to VND67 billion in the fourth quarter of 2024, the Company still reported a net profit growth of 57%, reaching more than VND140 billion in the last quarter of last year. This is also the highest quarterly profit of this distributor in 2 years.

Digiworld consolidated profit after tax of nearly 449 billion VND for the whole year of 2024

Going into product line details, while laptop revenue only grew by 7% when the market cooled down in the last quarter of 2024, Digiworld's revenue from other product lines all grew by double digits.

The mobile phone segment achieved revenue of nearly VND2.69 trillion in the fourth quarter, up 22% year-on-year, thanks to contributions from new product lines from Xiaomi and the iPhone 16.

Office equipment industry revenue increased by 22%, reaching 1.37 trillion VND.

Household goods revenue increased by 56% to VND364 billion, thanks to the peak shopping season before Tet combined with contributions from Phillips brand products.

In the consumer goods sector, although revenue in the fourth quarter of 2024 was modest at VND 297 billion, Digiworld still witnessed a 38% growth compared to the same period last year, thanks to existing brands in both consumer goods and pharmaceuticals. Meanwhile, the ontrade channel - a new distribution channel that the Company was assigned by ABInbev to deploy from the fourth quarter - also contributed significantly to business results.

With positive results in the fourth quarter, Digiworld's consolidated profit after tax is nearly 449 billion VND for the whole year of 2024, 24% higher than the previous year, but only achieved 92% of the plan assigned by shareholders.

Vietjet partners with OpenAirlines

Vietjet has just signed a strategic cooperation agreement with OpenAirlines, the world's leading technology company in fuel-saving solutions and artificial intelligence for the aviation industry.

Vietjet has just signed a strategic cooperation agreement with OpenAirlines

Vietjet is the first airline in Vietnam to apply SkyBreathe®, an advanced platform that uses artificial intelligence (AI) and big data algorithms to analyze flight data to optimize fuel use. The system collects and aggregates information from multiple sources such as aircraft data and fuel reports into a single platform. With data from more than 21 million flights, SkyBreathe® taps into the world's largest fuel efficiency database for airlines.

The SkyBreathe® 360° platform helps Vietjet identify fuel-saving opportunities, provide specific recommendations for each department, from pilots to flight operations managers, promote team coordination and improve performance, green operating culture. According to OpenAirlines, SkyBreathe® with its friendly interface and detailed analysis, can help Vietjet reduce fuel consumption by up to 2%, reducing emissions into the environment by more than 96 thousand tons of CO2 per year.

Vietjet will also roll out the SkyBreathe® MyFuelCoach app to all pilots, a personal tool that helps pilots make better decisions, fine-tune flight operations and develop a fuel-saving culture across the airline, thereby optimizing fuel efficiency and reducing environmental impact.

Source: https://baodautu.vn/xay-dung-hoa-binh-da-lai-acv-lai-dam-vietjet-hop-tac-voi-openairlines-d244829.html