BUSINESS RESULTS OF SOME ENTERPRISE Q2/2022
The new boss in the Board of Directors lends FLC more than VND 600 billion in unsecured loans
Mr. Le Thai Sam, a new member of the Board of Directors of FLC, has loaned this company more than VND 620 billion without collateral. The recently released consolidated financial statements of FLC Group show significant changes in debt structure, especially the appearance of unsecured loans from other individuals and businesses. According to this report, the scale of short and long-term debt of FLC by the end of the second quarter was more than 5,100 billion dong, down by more than 1,000 billion dong compared to the beginning of the year. In which, long-term loans decreased from VND 4,169 billion to VND 2,450 billion, while short-term loans increased by more than VND 600 billion to VND 2,676 billion.
Long Chau pharmacy chain earns 22 billion VND per day
FPT Digital Retail Joint Stock Company (FPT) said that in the second quarter, revenue reached more than VND 6,200 billion, up 43% over the same period. Accumulated half a year, the revenue is approximately 14,000 billion dong.
With this result, FPT has completed half of the full year revenue plan. In which, Long Chau pharmacy chain contributed about VND 4,000 billion, 3 times higher than the same period last year, although the epidemic was gradually controlled. Thus, the average daily income of this pharmacy chain is nearly 22 billion VND.
From approximately 15% in the first half of last year, Long Chau accounted for nearly 30% of FRT’s revenue structure in the first 6 months of this year. As of June 30, Long Chau had 678 pharmacies across the country, an increase of 278 stores compared to the beginning of the year.
Doubled in the same period, Business results VietinBank’s profit is still not in the Top 3
The second quarter’s own profit doubled to 5,785 billion, but VietinBank still surpassed MB and was behind Techcombank, VPBank, and Vietcombank. Vietnam Industry and Trade Bank (VietinBank) has just announced its consolidated financial statements for the second quarter with a pre-tax profit of VND5,785 billion, double the same period last year.
Particularly in the second quarter, the signal and service bar of VietinBank grew quite well at double digits over the same period. Instrument, Access Point increased by 10% to more than 11,970 billion, Active services increased by 15% to 1,560 billion.
This bank promotes its income from foreign exchange and securities trading. Foreign exchange interest rate is nearly 814 billion, up nearly 60% over the same term from investment securities of 240 billion (only 22 billion for the same term). Besides, VietinBank also recorded another account holder from the recovered debt which was settled at VND 1,110 billion – flat with the same period.
Business results WinMart chain collects about 80 billion VND per day
The management unit of the WinMart supermarket chain and the WinMart+ store collected more than VND 14,200 billion in the first half of the year, equivalent to an average of VND 80 billion a day.
Particularly for the WinMart supermarket chain, Masan Group said that in the first 6 months of the year, revenue decreased by more than 3% compared to the same period last year, reaching VND 4,700 billion. Most of the revenue comes from supermarkets opened before 2021, the rest contributes nearly 200 billion VND.
WinMart+ store system has double the sales of supermarket chains, reaching approximately 9,530 billion VND. Excluding the impact of consumers hoarding goods in the second quarter of last year, this system revenue increased more than 5%.
WinMart and WinMart+ recorded a gross profit of VND3,238 billion in this period, up 22% compared to the first half of last year. These two chains contribute nearly 40% to total revenue and 32% to total gross profit of Masan. The remaining revenue comes from companies trading in consumer goods, meat, mining, tea and coffee.
ACB’s record profit of more than 9,000 billion dong in the first half of the year
Asia Commercial Bank (ACB) has just released its 6-month consolidated financial statements with a pre-tax profit of VND 9,028 billion, completing 60% of the full year plan and increasing 42% compared to the same period last year. Particularly in the second quarter, ACB recorded a profit of 4,900 billion dong, up 52% over the same period in 2021. This is a high profit growth compared to the industry average in the first half of this year.
Revenues from credit activities and foreign exchange services both increased over the same period. ACB also recorded another profit of 655 billion, up more than 450% compared to the first half of last year, mainly thanks to the recovery of bad debts. Besides, instead of having to increase provision for credit risk like most banks,
ACB recorded a provision reversal of 270 billion dong. The pressure of light provisioning in the first half of the year was an important factor that positively impacted the bank’s profit. In contrast, the bank’s operating expenses increased by more than 42% over the same period to more than 4,850 billion (the same period last year, the lower part of the cost due to the deduction of 600 billion dong thanks to the collection of receivables from customer groups. especially).
Business results Hoa Phat’s profit in the second quarter decreased by nearly 60%
Business results in the second quarter, Hoa Phat’s profit was just over 4,000 billion, a sharp decrease compared to 9,700 billion in the same period, as previously estimated by Chairman of the Board of Directors Tran Dinh Long.
Hoa Phat Group (HPG) has just announced business data for the second quarter. Accordingly, the leading enterprise in the construction steel market reached a revenue of VND 37,714 billion, a slight increase over the same period. However, after-tax profit was just over 4,000 billion, down nearly 60% compared to the second quarter of 2021.
In the first 6 months of the year, Hoa Phat’s business results reached VND 82,118 billion in revenue and VND 12,229 billion in profit after tax, down 27% compared to the same period last year and completing 46% of the year plan.
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