Vietnam SSC: 93 per cent of Vietnamese Listed Cos Make Profit in 2008

The State Securities Commission (SSC) statistic showed that 93 per cent of a total 342 listed companies on Vietnam’s two bourses, made profits last year, and more than 80 per cent posted higher financial costs than in 2007, the state-run Securities Investment newspaper reported Monday.

 

Out of 165 listed companies which publicized financial reports on the Ho Chi Minh Stock Exchange (HOSE), 152 made profits and 13 had losses in 2008.

 

Among 158 enterprises which have available financial reports on the Hanoi Securities Trading Center (HASTC), 149 posted profits and nine made losses last year.

 

The number of firms making losses in the fourth quarter is higher, the statistic showed.

 

Dang Thanh Tam, vice chairman of the Listed Enterprises Club said “Inflation, interest rates and exchange rate in 2008 were attributed to higher financial costs which decreased profits of listed enterprises,”

 

Currently, the HOSE is home to 174 firms and HASTC 168 companies. (Securities Investment)