Novaland continues incurring losses in Q2, targets profit in Q3

Its net losses in the quarter totaled VND210 billion, down from VND410 billion losses in the first quarter. Its revenue comprised VND927 billion from real estate sales and VND113 billion from services, doubling the figures recorded in the first quarter. Trading volume edged up over 6% day-on-day to more than 1.28 billion shares. VIC emerged as a strong support to the main index, gaining 6.9% to close at VND58,900 per share, contributing four positive points to the benchmark index. Another key stock, BID, added approximately 1.5 positive points to the VN-Index, closing at VND48,200 per share with a 2.1% increase.