Airport operator profits down sharply
By Anh Tu February 2, 2021 | 10:36 am GMT+7
Aircraft are parked at Tan Son Nhat International Airport in Ho Chi Minh City on April 15, 2020. Photo by VnExpress/Quynh Tran.
The Airports Corporation of Vietnam has reported a 79 percent fall in net profits in 2020 to VND1.7 trillion ($73.9 million).
The company, which runs all 22 civil airports in Vietnam, earned revenues of VND7.8 trillion, down 57.5 percent.
It achieved a loss of VND356 billion in the second quarter, the first quarterly loss since 2016, but saw a revival in subsequent quarters.
The aviation industry will recover in 2021 with the advent of coronavirus vaccines, SSI Securities Corporation has forecast.
Update: December, 14/2020 - 09:35 |
Đất Xanh Group Joint Stock Company (DXG) only achieved revenue of VNĐ1.88 trillion (US$81.2 million), down 51 per cent compared to the same period last year. Photo vneconomy.vn
HÀ NỘI Many realty companies reported losses in the first nine months of this year, due to the COVID-19 pandemic, tightening credit measures and legal hindrances.
The real estate sector accounts for the largest proportion on the stock market with 116 listed shares, equivalent to more than 7 per cent. Of them, 76 shares are listed on HOSE and HNX while 40 shares are traded on UPCoM.
On HOSE, the real estate group has a significant influence on the movement of the VN-Index.