Tuesday , November 26 2024

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FLC posts $47.6 mln loss in H1

FLC posts $47.6 mln loss in H1

Conglomerate FLC, some of whose top managers were arrested for alleged stock market manipulation, reported a loss of VND1.11 trillion ($47.6 million) in the first six months. Revenues were down 60 percent to VND1.71 trillion, as sales of property and services plunged by half. The arrest of former chairman Trinh …

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Vietnam Airlines cuts losses by nearly half

Vietnam Airlines cuts losses by nearly half

Vietnam Airlines managed to cut its losses by 44 percent year-on-year in the second quarter to VND2.48 trillion ($106.25 million), thanks to soaring summer travel demand. Its revenues nearly tripled to VND18.43 trillion, exceeding its target by 35 percent. This was the highest quarterly revenue since 2020 when travel was …

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