Hotel reports profit, Mr. Le Thanh Than receives salary of 3 million VND

According to the financial statements of Phuong Dong Petroleum Tourism Joint Stock Company (PDC), the first quarter's after-tax profit reached 1.8 billion VND, an increase over the same period.

According to PDC's explanation, sales and service revenue increased by VND3.8 billion compared to the same period last year. Revenue increased but the cost of sales and service increased by VND1.1 billion. Sales expenses and administrative expenses increased by VND594 million compared to the same period. Due to the reason that the increase in revenue was greater than the increase in expenses, the profit after tax in the first quarter increased by 114%.

In 2022, PDC's revenue reached 49.5 billion VND. Profit after tax reached 4.9 billion VND, nearly 3 times higher than in 2019.

Phuong Dong Petroleum Tourism Joint Stock Company (PDC) was formerly a state-owned enterprise under the People's Committee of Nghe An with the name Phuong Hoang Hotel. In 2007, PDC was taken over by the Vietnam Oil and Gas Group (PVN) with its main activities being fertilizer trading and hotel services.

In 2011, all PDC capital owned by PVN was transferred to Ocean Group shareholders.

In 2015, Mr. Le Thanh Than's family, nicknamed "the tobacco tycoon", bought this hotel.

According to the 2022 financial statements, PDC's major shareholders are Mr. Le Thanh Than, Ms. Le Kim Giang, Mr. Do Trung Kien, Ms. Le Thi Hoang Yen, ... all of whom are relatives of Mr. Than.

Mr. Than's salary in 2022 as Chairman of the Board of Directors is 36 million VND, equivalent to 3 million VND/month. Ms. Le Thi Hoang Yen receives a salary of 18 million VND in 2022.

Currently, Mr. Than is being prosecuted for falsely advertising an illegally built apartment building in Kien Hung ward, Ha Dong, for sale to customers.

Business News

The stock market has a number of other important events of listed companies.

* CRE : Century Real Estate Corporation (CRE) approved the 2023 business plan with the main targets of net revenue of VND 3,500 billion, equal to 101% compared to 2022. Pre-tax profit of VND 168 billion, equal to 68% of 2022.

* PC1 : PC1 Group (PC1) approved the 2023 target of total revenue of VND 9,450 billion, after-tax profit of VND 511 billion and dividend payout ratio of 15%.

* VPI: Van Phu - Invest Investment Joint Stock Company approved the 2023 business plan with total revenue at VND 2,200 billion, after-tax profit at VND 550 billion, up 4% and 10% respectively compared to the results achieved in 2022.

* PVD : PetroVietnam Drilling and Well Services Corporation (PV Drilling) plans to achieve total consolidated revenue of VND5,400 billion. Consolidated profit after tax is expected to reach VND100 billion.

* ADS : According to the consolidated financial statements of the first quarter of 2023 of Damsan JSC, net revenue recorded 296 billion VND from yarn export revenue to the markets of Japan, Korea and China. Gross profit reached nearly 33 billion VND. Consolidated pre-tax profit reached over 16 billion VND.

* GIL : In 2023, Binh Thanh Production - Trading - Import-Export Joint Stock Company (Gilimex) plans to achieve revenue of VND 1,500 billion and after-tax profit of VND 103.5 billion.

* SCR : Saigon Thuong Tin Real Estate JSC sets a target of 540 billion VND in revenue and 20 billion VND in pre-tax profit.

* VNA : Vinaship Shipping Joint Stock Company reported pre-tax profit of just over 1 billion VND, down 98% year-on-year. The company's revenue in the quarter decreased by 23%, while cost of goods sold increased year-on-year, causing gross profit to decrease by nearly 86%.

Stock Trading

* HAH: TM Holding Fund Company Limited, a shareholder of Hai An Transport and Stevedoring JSC (HAH) bought 770,000 HAH shares on April 21.

* LDP : APG Securities JSC (APG), a major shareholder of Lam Dong Pharmaceutical JSC - Ladophar (LDP) bought more than 127,000 shares on April 18. After the transaction, the number of shares held was 1.2 million, accounting for 9.47%.

* DPM : A group of foreign shareholders managed by Dragon Capital at PetroVietnam Fertilizer and Chemicals Corporation (DPM) sold 500,000 DPM shares on April 21.

* DHP : Mr. Tran Tuan Linh, Head of the Board of Supervisors of Hai Phong Electromechanical Joint Stock Company (DHP) bought more than 132,000 DHP shares, a rate of 1.4% on April 20. Ms. Duong Ta Hoa Binh, Mr. Linh's mother, also bought more than 132,000 DHP shares.

* S55 : ANZA JSC, a major shareholder of Song Da 505 JSC (S55), bought 882,000 S55 shares on April 20. Thereby, increasing ownership at S55 to more than 3.34 million shares, a ratio of 33.49%.

VN-Index

At the close of the session on April 26, VN-Index increased by 5.95 points (+0.57%), to 1,040.8 points. Total trading volume reached more than 576.7 million units, worth VND 11,431.5 billion.

HNX-Index increased by 1.16 points (+0.57%), to 205.84 points. Total matched volume reached more than 62.7 million units, worth VND853.4 billion.

UpCoM-Index increased by 0.02 points (+0.02%), to 78.01 points. Total matched volume reached more than 19.1 million units, worth VND247.1 billion.

According to BSC, the decline of VN-Index started to show signs of slowing down when demand appeared at the 1,030 point area. The breadth was positive with 14/19 sectors gaining points, of which the strongest increase belonged to the basic resources sector, other sectors such as retail, financial services, oil and gas... also had good increases today. On the contrary, the real estate sector led the decline.

In the last trading days before the holiday, the market will probably have sideways sessions around the 1,040 point threshold.

Ms. Nguyen Thi Phuong Thao talks about 'should I buy HDB shares now' Ms. Nguyen Thi Phuong Thao, chairwoman of the 2023 HDBank Annual General Meeting of Shareholders, said that for long-term investors, there is no exact answer to whether or not to buy HDBank shares now. HDBank people with savings all buy this stock.

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