FPT Corporation overcame challenges due to the Covid-19 pandemic in both the global and domestic market to achieve positive financial results in the first half of the year, especially in core business lines.
CapitaLand Limited has achieved a total profit after tax and minority interests (PATMI) of S$2,135.9 million in fiscal year 2019, 21.2 per cent higher than that of last year.
FPT Corporation reported revenues of VND12.49 trillion (US$538.8 million) and profit after tax of VND1.78 trillion ($76.7 million) in the first half of the year, 22.2 per cent and 26.1 per cent up year-on-year.
FPT Corporation has reported a 22.6 per cent increase in profit before tax and 19.4 per cent increase in revenues in the first four months of the year.
BIDV Insurance Corporation (BIC) has reported profit before tax of nearly VND203 billion (US$8.7 million) in 2018, beating its yearly target by 6.7 per cent. This number is also 8.8 per cent higher than the previous year.
Soi The Ky Joint Stock Company (STK) targets a revenue of over VND2.3 trillion (US$101 million), pre-tax profit of VND131 billion and after-tax profit of nearly VND126 billion in 2018.
Binh Son Refining and Petrochemical Co Ltd (BSR), operator of Dung Quat Refinery, has targeted total revenue of nearly VND78.4 trillion (US$3.44 billion), State budget contribution of some VND8.33 trillion and profit-after-tax of more than VND3.47 trillion in 2018.
The Ministry of Finance said a bad translation claiming that the
tax-rate-to-profit ratio in Viet Nam was high, accounting for nearly 40
per cent of profit and undermining competitiveness, caused
misunderstandings.
Saigon Securities Inc has reported lower revenues but higher profits in the third quarter. Sales was down 16.88 per cent to VND354.35 billion (US$15.8 million),
and profit before tax was 10 per cent up at VND267.55 billion ($11.9
million).