Update news profit

Large groups report high profits

A series of large corporations reported a sudden increase in profits in the first quarter of 2021 and a positive outlook for the whole year despite the impact of the Covid-19 pandemic. This was an unusual development but was not too surprising.

Banks make huge profits, have prosperous Tet

Overcoming a stormy year, commercial banks have reported huge profits for 2020. Bank share prices are standing firmly at high levels.

Banks report handsome profits

Many local banks have released impressive business results, with many of them being confident that their pretax profits would exceed their targets for 2019.


Banks in Vietnam see decline in foreign exchange trading results

Q3 finance reports show that a series of banks had unsatisfactory results in foreign exchange trading or took losses.

Credit is major ‘rice pot’ for Vietnamese banks

Credit has been growing steadily in the last nine months, helping commercial banks make fat profits.

Samsung sees record third quarter profit on chip demand

 Samsung Electronics expects to post record operating profit in the third quarter, helped by strong demand for its memory chips.

Ninh Thuan farmers profit from raising butterfly lizards for meat

 VietNamNet Bridge – Raising butterfly lizards is providing a good income to farmers in Ninh Thuan Province since the reptile is in high demand for its meat.    

‘Hot seats’ at banks change hands

VietNamNet Bridge - Big changes in key personnel at banks have occurred recently, though they have not always been made public.

Google parent Alphabet profit surges on mobile, video ads

 Google parent Alphabet Inc bested analysts' estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next wave of computing.

Yahoo profit beats Wall St., some analysts worry over effect of hack

Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.

Samsung expects another $3 billion hit to profit from Note 7 failure

 Samsung Electronics Co Ltd on Friday said it expects to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone.

Apple profits up on iPhone sales

 Apple reported a jump in sales in the three months to September. The tech giant's revenue was $51.5bn, up 22% compared with the same period last year.

Amazon makes second surprise quarterly profit

Internet marketplace giant Amazon reported a surprise profit for the second quarter in a row thanks largely to higher sales in the US.  

Amazon shares surge after surprise profit

 Amazon shares have surged more than 18% in after-hours trading after it reported a surprise profit and better-than-expected sales figures.

Vietnam to see more golf courses

VietNamNet Bridge - It is expected that Vietnam will have 90 golf courses, with every province and city having an average of 1.4 golf courses.

Banks still gain high profits despite increased NPLs

Though NPLs have increased significantly, which forced commercial banks to make higher provisions against risks, they still have reported an increase in profit in the first quarter of 2015 in comparison with the same period last year.

Samsung forecasts $5.44bn in quarterly operating profit

 South Korea's Samsung Electronics has forecast a quarterly operating profit of about 5.9 trillion won ($5.44bn; £3.65bn) for the first three months of 2015.

Apple posts the biggest quarterly profit in history

 US technology giant Apple has reported the biggest quarterly profit ever made by a public company.

Samsung Electronics forecasts 60% fall in quarterly profit

 Samsung Electronics has forecast a 60% fall in quarterly operating profit from a year ago, missing estimates, because of slowing Galaxy smartphone sales.

Foreign banks expand retail market share

VietNamNet Bridge – While Vietnamese banks are taking their first steps towards the retail banking market, foreign banks continue their expansion at a rapid rate.