(HSV VIETNAM GROUP) – Vinamilk, Hoa Phat, The Gioi Di Dong or FPT all have tens of thousands of billions of VND in banks and earned trillions of VND in interest in 9 months.
Some leading businesses in the industry began to reveal huge deposits into banks in the first 9 months of this year, earning huge profits, contributing significantly to profits.
As of September 30, Vietnam Dairy Products Joint Stock Company (Vinamilk - stock code: VNM) had cash, cash equivalents and term deposits with a total value of VND 26,588 billion, accounting for 71% of short-term assets.
In 9 months, the deposit brought Vinamilk a profit of 1,148 billion VND, an increase of 30% over the same period last year and contributed significantly to the company's profit.
Accumulated for 9 months, this dairy company recorded net revenue of 44,750 billion VND and profit after tax of 6,668 billion VND, not much change compared to the same period last year. Compared to the year's plan, the company realized 71% of revenue and 77% of profit. Another business that also has "a lot of money" is Mobile World Investment Joint Stock Company (stock code: MWG). As of September 30, the company had about 22,065 billion VND deposited in the bank. This number is double compared to the beginning of the year, helping businesses record deposit profits of VND 1,357 billion.
Accumulated for 9 months, the company achieved revenue of 87,581 billion VND, profit after tax of 77.5 billion VND, down 16% and 98% respectively over the same period. This profit level is also the lowest since the company listed on the stock exchange (2014).
When talking about cash giants, we cannot help but mention Hoa Phat Group (HoSE: HPG). As of September 30, the company had 29,654 billion VND in cash and cash equivalents and term deposits at banks, accounting for 38% of short-term assets. Deposit interest in the third quarter alone reached 459 billion VND.
Accumulated for 9 months, Hoa Phat achieved 85,430 billion VND in revenue, down 27% over the same period last year. Profit after tax is 3,830 billion VND, completing 48% of the year plan.
Technology giant - FPT Joint Stock Company (stock code: FPT) as of September 30 also had 26,772 billion VND in idle cash, an increase of 37% compared to the beginning of the year. Deposit interest received by the business in 9 months was 1,264 billion VND, an increase of 21% over the same period last year.
In 9 months, FPT achieved after-tax profit for parent company shareholders of VND 4,742 billion, an increase of 20% over the same period. In the third quarter alone, the company set a record for the number achieved in a quarter with more than 2,400 billion VND, also an increase of 20%.
Ha Diem HSV