Latest News about financial reports
Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing bad debts.
Hoang Anh Gia Lai JSC (code: HAG) reported the most drastic drop in revenue for the last ten years, with the record loss of VND1.743 trillion ($75.78 million).
The MoF announced the financial situation and production of Song Da Corporation, with the total revenue in 2018 reaching $78.26 million, down 32.2 per cent.
Despite tripling expenses on advertisement and promotion programmes in the third quarter, Habeco still reported a decrease in net profit.