Thursday , November 28 2024

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Expressway tycoon sees profits jump 20 times

Expressway tycoon sees profits jump 20 times

State-run Vietnam Expressway Corporation (VEC) reported a 20-fold surge in post-tax profits to VND155 billion ($6.68 million) last year thanks to financial income. Its revenues were down by 11 percent to VND3.26 trillion while the cost of goods sold rose by 11 percent to VND1.1 trillion, resulting in a 19-percent …

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Investors regret bottom fishing as cryptocurrencies crash

Investors regret bottom fishing as cryptocurrencies crash

Some investors are regretting selling their large-cap cryptocurrencies to bet on Luna, which lost 99.99 percent of its value last week after its paired stablecoin TerraUSD collapsed. Le Dai of HCMC decided to sell 10 Binance Coins (BNB, the fourth largest cryptocurrency by market cap) at around US$300 each to …

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