Vietnam Container Corporation (Viconship – stock code: VSC) reported 2024 audited financial results with revenue of 2,788 billion VND, up 28%, and after-tax profit of 434.5 billion VND, an increase of 118% compared to 2023. The profit growth is mainly attributed to increased revenue and a 748% surge in financial revenue, largely due to the revaluation of investments in Nam Hai Dinh Vu Port. As of December 31, 2024, Viconship’s total assets reached 7,795 billion VND, up 50%. The company invested 547 billion VND in securities this year, including over 232 billion VND in EIB shares of Eximbank and nearly 148 billion VND in GEX shares of Gelex. Viconship is now the largest port operator in Hai Phong with a total capacity of about 2.6 million TEUs, accounting for 30% of the market. However, future financial metrics may be impacted by bank loan interest and other investment losses.
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