In particular, in the retail sector, FPT Group (Code: FPT) broke a profit record in the last quarter with pre-tax profit reaching 2,664 billion VND, an increase of 20.1% over the same period last year. Net profit increased sharply by 24% over the same period last year to VND 1,874 billion.
Accumulated for 6 months, FPT's revenue reached 29,338 billion VND and pre-tax profit reached 5,198 billion VND, up 21.4% and 19.8% respectively over the same period. Net profit also increased by 22.3% to VND 3,672 billion.
In 2024, FPT plans a record high business with revenue of 61,850 billion VND and pre-tax profit of 10,875 billion VND, both an increase of about 18% compared to the results of 2023. With the results achieved after the first half of the year , this business has achieved 47% of the revenue plan and 48% of the proposed profit target.
A real estate giant, Vinhomes Joint Stock Company (Code: VHM), reported a profit of tens of trillions in the first 6 months of the year. The consolidated financial report for the second quarter of 2024 recorded second quarter revenue reaching 28,218 billion VND and net profit reaching 10,784 billion VND, an increase of 11% over the same period with the main contribution from recording large lot sales transactions at Vinhomes Royal Island project and continue to hand over existing projects.
Accumulated in the first 6 months of the year, Vinhomes' consolidated net revenue reached 36,429 billion VND. Total converted consolidated net revenue (including revenue from Vinhomes' activities and business cooperation contracts (BCC) reached 47,904 billion VND. Consolidated net profit in the first 6 months of the year reached 11,668 billion VND, with The main contribution comes from recording large lot sales transactions at the Vinhomes Royal Island project and continuing to hand over existing projects.
Similarly, Vincom Retail Joint Stock Company (Code: VRE) recorded the 6th consecutive quarter of profits over trillions. Accordingly, the enterprise's net revenue in the second quarter of 2024 reached VND 2,479 billion, an increase of 14%; Profit after tax reached 1,021 billion VND, a slight increase of 2% over the same period last year.
Accumulated in the first 6 months of the year, Vincom Retail's revenue reached 4,733 billion VND and profit after tax reached 2,104 billion VND, up 15% and 4% respectively over the same period in 2023. After 6 months, Vincom Retail completed 47 .6% of the yearly profit plan.
In the securities segment, SSI Securities Joint Stock Company (Code: SSI) also reported profits of trillions of billions in the second quarter and the first 6 months of the year. Accordingly, SSI's separate financial statements for the second quarter of 2024 recorded that last quarter's revenue reached 2,311 billion VND and pre-tax profit reached 1,041 billion VND, up 44.5% and 59% respectively compared to the same period in 2023.
Accumulated in the first 6 months of the year, this securities company is estimated to reach 4,381 billion VND in total revenue and 2,002 billion VND in pre-tax profit, completing 54% and 59% of the 2024 plan, respectively.
In the banking segment, in the second quarter and the first 6 months of this year, many banks recorded strong profit growth.
Among them, Asia Commercial Joint Stock Bank (Code: ACB) reported record high profits. ACB's consolidated business results report for the second quarter and the first 6 months of the year recorded that ACB's net interest income reached 7,112 billion VND, an increase of 14% over the same period; Pre-tax profit in the second quarter was more than 5,598 billion VND, an increase of 16% compared to the second quarter of 2023. This is the highest quarterly profit recorded by ACB to date.
Accumulated in the first 6 months of the year, ACB's net profit from business activities reached 11,590 billion VND, an increase of 6% compared to the first half of last year; Profit before tax reached over 10,490 billion VND, a slight increase of 5% and profit after tax was over 8,374 billion VND, also down 5%.
Loc Phat Bank Vietnam (LPBank, code: LPB) recorded 3,600 billion VND in net interest income, an increase of more than 48% over the same period last year. Revenue increased but operating costs decreased by more than 15%, helping LPB net profit in the second quarter reach more than 2,400 billion VND, 3.4 times higher than the same period last year.
In the second quarter, Vietnam Technological and Commercial Joint Stock Bank (Techcombank, code: TCB) recorded the parent bank's pre-tax profit reaching VND 8,122 billion, an increase of 59% over the same period in 2023. Meanwhile, the parent bank's profit before tax Consolidated pre-tax profit in the second quarter of 2024 is 7,827 billion VND, an increase of 38.5% over the same period. This is also Techcombank's record quarterly profit.
Accumulated in the first 6 months of the year, Techcombank's consolidated pre-tax profit was 15,628 billion VND, an increase of 38.6% over the same period. Of which, the parent bank generated 14,744 billion VND in pre-tax profit, an increase of 57.5%.
