Vinh Hoan’s profit plunges in Q4 2023

Its after-tax profit stood at only VND66.35 billion in the fourth quarter of 2023, down by 66.48% year-on-year. In 2023, Vinh Hoan posted revenue of nearly VND10,079 billion, a 25.14% decrease against 2022. Its after-tax profit totaled VND949.6 billion, falling by over 52.8% year-on-year yet fulfilling 94.96% of the annual target. With 140 advancers and 301 decliners, the VN-Index of the Hochiminh Stock Exchange lost 2.60 points, or 0.22%, day-on-day, at 1,170.37 points. With 81 winners and 77 losers, the HNX-Index of the Hanoi Stock Exchange moved sideways at 228.52 points, only declining by 0.01% versus yesterday’s session.