Seaport enterprises massively report profits

28/10/2024 16:20

At the end of the third quarter of 2024, Cat Lai Port Joint Stock Company (Ho Chi Minh City. Ho Chi Minh City) announced impressive production and business results when in the quarter the profit was more than VND 31 billion, up more than 44% over the same period last year. Accumulated in the first 9 months of the year, the business recorded a cumulative profit of more than VND 73.5 billion, an increase of more than 5% over the same period in 2023.

The volume of goods through seaports has grown, bringing positive revenue in the third quarter of 2024.

One of the main reasons for business growth in Q3, according to the explanation of Cat Lai Port Joint Stock Company, is that since April, the Kocks crane of this port has been depreciated, which has reduced the depreciation cost of fixed assets, equivalent to 1.93 billion VND/quarter. In the quarter, the business also recorded a dividend in 2023 from Tan Cang Que Vo Joint Stock Company of VND 6.01 billion.

Meanwhile, Vip Greenport Joint Stock Company (Vip Greenport) in Hai Phong also achieved positive business results in the third quarter. The company's net revenue in the quarter reached more than VND 263 billion, a slight increase over the same period and net profit reached more than VND 92.5 billion.

Profit after corporate income tax recorded more than VND 83 billion, up 10.9% over the same period in 2023. Accumulated from the beginning of 2024, Vip Green Port has a profit growth of more than 46%, reaching more than VND 270 billion.

According to the explanation of Xanh Vip Port, due to the increase in the volume of goods through the port by 4.5% over the same period and the application of the new domestic tariff schedule, many machinery and equipment have run out of depreciation, leading to reduced costs and increased profits. These are the main reasons for the increase in profit in the third quarter of 2024 compared to the same period in 2023.

The increase in cargo volume also brought many positive results to the seaport sector in the Central region. In the third quarter of this year, Da Nang Port Joint Stock Company achieved a revenue of VND 366 billion, an increase of VND 47 billion over the same period last year. Despite high business management costs (VND 35 billion), this business recorded a profit after tax of VND 79 billion, while in the same period last year it only reached VND 67 billion.

According to Da Nang Port Joint Stock Company, in the first 9 months of 2024, the total output through the port in the first 9 months of the year increased by 15.05% over the same period in 2023 and reached 78.97% compared to the plan in 2024. In which, container cargo volume alone increased by 13.71% over the same period.

Along with the increase in the volume of goods through the port in the quarter, as well as the promotion of logistics trade and service activities, in the third quarter, in  a separate financial report, Cam Ranh Port Joint Stock Company also achieved a profit growth over the same period.

Accordingly, the business recorded a net revenue from sales services increased by more than VND 10 billion compared to the third quarter of 2023, reaching more than VND 43 billion. Profit after tax was recorded at more than VND 3.9 billion, up more than 39%. Accumulated in the first 9 months of the year, Cam Ranh Port had a profit after tax increased by 2.5% over the same period last year, reaching VND 12.5 billion.

According to the  Vietnam Maritime Administration  , over the past time, the volume of goods through seaports has continuously grown and for many months has grown by 2 digits. In the first 9 months of 2024, the total volume of goods through seaports is estimated at more than 640 million tons, up 14% over the same period in 2023. This may indicate that the economy has tended to recover.

Source: baogiaothong.vn