Cenland (CRE) profit decreased by 99%, reaching 2.5 billion VND

Cenland (CRE) profit decreased by 99%, reaching 2.5 billion VND

Accumulated in 2023, Cenland’s pre-tax profit will reach 5.4 billion VND, after-tax profit will reach 2.5 billion VND, down 98% and 99% respectively compared to 2022 performance. Recently, Century Real Estate Joint Stock Company (Cenland; HoSE: CRE) announced its Consolidated Financial Report for the fourth quarter of 2023 with sales and service provision revenue reaching … Read more

Banco Santander Insists Credit Conditions Not Tightening Despite ECB’s Interest Rate Hikes

Banco Santander Insists Credit Conditions Not Tightening Despite ECB’s Interest Rate Hikes

The European Central Bank has been raising interest rates at all meetings for just over a year. The objective is clear, reduce consumption and thus lower inflation. One of the main consequences is that the price of loans and mortgages rises, so their demand falls. According to the ECB’s bank lending survey for the third … Read more

Kido (KDC) reported a 198% increase in second quarter profit, the highest in more than 6 years

Kido (KDC) reported a 198% increase in second quarter profit, the highest in more than 6 years

According to the explanation from Kido, in this second quarter, the company recorded a sudden increase in profit mainly due to the group’s restructuring in investment activities such as divestment of investments Calofic, KIDO Foods and new investment in Tho Phat bakery segment. Profit from investment liquidation recorded more than VND 898.4 billion In the … Read more

Citi’s Diversified Business Model Shines Amid Challenging Macroeconomic Conditions

Citi’s Diversified Business Model Shines Amid Challenging Macroeconomic Conditions

“Amid challenging macroeconomic conditions, we have continued to reap the benefits of our diversified business model,” said the bank’s chief executive, Jane Fraser, in a statement. Although trading clients did not participate, credit card activity increased by more than 10% thanks to strong demand. “Citi” monitors the return of life to the private financing markets … Read more