Financial expenses of Vietnam Airlines were 3.6 times higher than the same period last year, to more than 1,000 billion dong, mainly due to exchange rate losses (540 billion dong) and loan interest (370 billion dong).
After deducting these expenses, the national airline made a net loss of nearly 2,700 billion dong in the fourth quarter of 2022, while the same period lost more than 1,000 billion dong.
In the whole year of 2022, the total revenue of Vietnam Airlines reached nearly 71,000 billion VND. This figure is equivalent to over 70% of the pre-epidemic level in 2019. Consolidated pre-tax profit is still negative about VND 10,091 billion, however, this loss has decreased by VND 3,000 billion compared to 2021 and lower than the proposed plan. out mid-year.
By the end of December 31, 2022, Vietnam Airlines recorded a cumulative loss of nearly VND 34,200 billion. The company’s equity is negative about 10,200 billion, while the beginning of the year is still positive over 500 billion. The fourth quarter also extended 12 consecutive quarters of losses, pushing Vietnam Airlines’ shares to the brink of delisting.
– The market on the 30th of Tet has no abnormal changes in price
A quick report on the market price situation of the Lunar New Year Lunar New Year 2023 of the Ministry of Finance shows that the market supply and demand situation on the 30th day of Tet (January 21), the last day of the year of the Tiger, takes place normally. , there are no abnormal changes in price, the number of people shopping is basically stable.
Regarding the market situation, the amount of shopping on the 30th day of Tet is not much because this is the second day of the Lunar New Year holiday, so people go shopping to prepare for the end of the year, compared to the first day of Tet holiday. People’s shopping activities are mainly in some items serving New Year’s Eve and the first morning of the 1st, such as fresh fruit, confectionery, and fresh food.
Basically, the prices of essential consumer goods are relatively stable, with a slight increase in prices of some items, focusing on items serving the needs of worship and consumption during Tet such as vegetables, fruits, a number of seafood products,…
– Many securities companies reported losses in the fourth quarter
The business results of many large and small companies in the securities industry showed a decline when they did not stop at a decline but progressed to a loss.
VNDirect Securities Joint Stock Company has just announced its fourth quarter financial report with operating revenue flatly compared to the same period last year, reaching over VND1,961 billion. Profit from financial assets through profit/loss (FVTPL) still accounted for a large proportion of revenue, reaching more than VND 1,261 billion, equivalent to a growth of 53%.
Revenue was flat while operating expenses and financial expenses increased gallopingly. At the end of the fourth quarter, VNDirect reported a pre-tax profit of nearly 8.5 billion dong, while in the same period a profit of more than 911 billion dong. The company recorded a loss after tax of more than 13.9 billion dong.
Similar to VNDirect, VIX Securities Joint Stock Company also reported a loss in the fourth quarter of 2022. Accordingly, VIX’s operating revenue reached more than VND 237 billion, down 24% compared to the same period last year. Brokerage revenue, interest from loans and receivables decreased by 62% and 42%, respectively, to VND 32 billion and VND 45 billion, respectively.
While revenue decreased, operating expenses of VIX increased by 3.9 times compared to the same period last year, reaching VND 361 billion due to heavy losses from financial assets recognized through profit/loss (FVTPL) 7.3 times. times of the same period. The company reported a loss before tax in the fourth quarter of 2022 at 130 billion dong, a loss after tax of 103 billion dong while the same period profit was 199 billion dong and 162 billion dong.
Rong Viet Securities Joint Stock Company reported a loss in the fourth quarter with operating revenue of 196 billion dong, down 26.5% over the same period in 2021 and reported a loss before tax of more than 26.6 billion dong, while the same period of profit 124 billion dong.