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Large groups report high profits


Large groups report high profits
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 11/05/2021
  
09:26
GMT+7
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.
Vingroup (VIC) of billionaire Pham Nhat Vuong has released consolidated financial statements for the first quarter of 2021 with a net profit of nearly VND2,100 billion, nearly 5 times higher than the same period of last year. This is an impressive result thanks to the outstanding performance of three major real estate projects - Vinhomes Ocean Park, Smart City and Grand Park – and VinFast car and Vsmart smartphone sales. ....

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