In particular, Masan Group Joint Stock Company (HOSE: MSN) recorded impressive business results with net revenue of VND 20,134 billion, an increase of more than 8% compared to VND 18,609 billion in the same period last year, thanks to the resurgence of its core retail consumer business segments.
After deducting taxes and expenses, this retail giant reported a doubling of net profit to 946 billion VND, the highest level in the past two years.
For the first six months of the year, Masan's revenue improved by over 4% to nearly VND 39,000 billion. Net profit after tax surged by 64% to VND 1,424 billion.
This year, the group plans to achieve revenue of 84,000 - 90,000 billion VND (7 - 15% growth) while after-tax profit is expected to be 2,250 - 4,020 billion VND (15 - 106% growth).
Similarly, FPT Group (Code: FPT) broke profit records in the last quarter with pre-tax profit reaching VND 2,664 billion, a 20.1% increase compared to the same period last year. Net profit increased sharply by 24% compared to the same period last year to VND 1,874 billion.
For the first six months of the year, FPT's revenue reached VND 29,338 billion and pre-tax profit reached VND 5,198 billion, representing increases of 21.4% and 19.8% respectively compared to the same period last year. Net profit also increased by 22.3% to VND 3,672 billion.
In 2024, FPT plans for record-high business results with revenue of VND 61,850 billion and pre-tax profit of VND 10,875 billion, both increasing by approximately 18% compared to 2023. Based on the results achieved in the first half of the year, the company has already met 47% of its revenue target and 48% of its profit target.
One major retailer, Mobile World Investment Corporation (Code: MWG), has previously announced positive growth in its business results for the first five months of the year.
Accordingly, in the first five months of this year, Mobile World recorded estimated revenue of 54,240 billion VND, an increase of 15% compared to the same period last year. In terms of chain sales, revenue from the two retail chains selling electronics and technology products, Mobile World and Dien May Xanh, accounted for 67.9%, estimated at 36,900 billion VND, an increase of 6% compared to the same period last year.
Next is revenue from the Bach Hoa Xanh retail chain, accounting for 29.2% of total revenue, reaching VND 15,800 billion, a 42% increase compared to the same period last year. This is the highest revenue level in the history of the Bach Hoa Xanh chain.
For the Bach Hoa Xanh chain, average revenue in the first five months of this year was recorded at 2 billion VND/store/month. With this revenue level, many financial institutions estimate that the Bach Hoa Xanh chain officially started generating profit from April 2024, when the break-even point for this retail chain is estimated at 1.8 billion VND/store.
Similarly, Vincom Retail Joint Stock Company (Code: VRE) recorded its sixth consecutive quarter of profits exceeding one trillion VND. Accordingly, the company's net revenue in Q2/2024 reached VND 2,479 billion, an increase of 14%; after-tax profit reached VND 1,021 billion, a slight increase of 2% compared to the same period last year.
For the first six months of the year, Vincom Retail's revenue reached VND 4,733 billion and after-tax profit reached VND 2,104 billion, representing increases of 15% and 4% respectively compared to the same period in 2023. After six months, Vincom Retail has completed 47.6% of its full-year profit target.
In the jewelry segment, Phu Nhuan Jewelry Joint Stock Company (HoSE: PNJ) recorded net revenue of VND 22,113 billion and after-tax profit of VND 1,167 billion in the first six months of the year, an increase of 34.3% and 7.4% respectively compared to the same period last year.
Retail sales in the first six months increased by 14% year-on-year, contributing 49.5% of total revenue. Wholesale jewelry sales in the first six months of the year also increased by 20% year-on-year.
In 2024, the company planned for net revenue of VND 37,148 billion and after-tax profit of VND 2,089 billion. Thus, after 6 months, PNJ had achieved 59.5% of its net revenue target and 55.8% of its after-tax profit target for the whole year.
Source: https://laodong.vn/kinh-doanh/nhieu-doanh-nghiep-lai-dam-nganh-ban-le-khoi-sac-1372775.ldo
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