In the context of a volatile market, HVA Investment Joint Stock Company has made an impressive turnaround when recording outstanding financial indicators in the second quarter compared to the first quarter of 2024. HVA has grown significantly in both revenue and profit, affirming its position in the stock market. Important financial indicators have not only improved but also demonstrated the company's capacity and long-term development potential.
HVA financial revenue growth
Specifically, HVA recorded an outstanding achievement in the field of financial activities with net revenue growth in the second quarter reaching VND 291,000,000 (Two hundred and ninety one million VND), an increase of more than 60% compared to VND 179,000,000 (), marking a significant increase compared to the beginning of 2024.
Notably, HVA's gross profit skyrocketed to VND80,000,000 in Q2, more than 6 times higher than the figure of VND13,000,000 in Q1. This breakthrough not only reflects improvements in cost management but also results from operational strategy, helping to improve operational efficiency.
The important turning point lies in the net profit from business activities, when HVA reversed from a loss of VND 232,000,000 in the first quarter to a profit of VND 469,000,000 in the second quarter. This is a clear demonstration of the success in restructuring and focusing on core business activities and strengthening the confidence of investors.
The final results showed that the profit after income tax reached 419,000,000 VND in the second quarter, bringing the parent company's profit after tax to the same level of 419,000,000 VND, marking a remarkable recovery and growth from the loss of 232,000,000 VND in the previous 3 months.
Factors that create growth
HVA's success in Q2/2024 cannot be separated from the process of optimizing investments and expanding business operations in the financial sector. The company has focused on allocating resources reasonably, minimizing risks and enhancing financial management efficiency. It is this flexible adjustment that has helped HVA not only achieve revenue growth but also optimize gross profit, bringing business results to a new level. This is the key factor that helps HVA continuously affirm its position in the market.
Another important factor contributing to growth is the ability to adapt quickly and innovate continuously. HVA has proactively applied advanced technology to its operational processes, thereby improving business performance and efficiency. The application of technology not only improves the internal management system but also helps the company open up new opportunities in expanding the market and increasing competitiveness. These steps have brought about clear advantages, helping HVA accelerate growth and consolidate its position in the industry.
HVA's future development vision
These impressive figures not only demonstrate HVA’s continuous efforts but also open up new opportunities for future development. The company is committed to continuing to improve the quality of its products and services to better meet the needs of customers and the market.
With current successes, HVA continues to aim to maintain growth momentum and expand its scope of operations. Upcoming plans include expanding financial services and investing in areas with high growth potential, to ensure the company's sustainable development.
HVA also focuses on developing financial technology and new innovative financial products, to exploit opportunities and create added value for customers and partners.
HVA Group's impressive financial results are a clear demonstration of its success in implementing its investment and development strategy. HVA Group is committed to continuing to maintain and promote its efforts to achieve higher goals in the future, bringing long-term benefits to investors and the financial community.
HVA will continue to pursue a sustainable development strategy, focusing on innovation and optimizing operational processes, to bring the highest value to shareholders and the community.
Conclude
Financial Statement Q2/2024 Of HVA has proven that HVA is on the path of recovery and strong growth. The remarkable improvements in financial indicators not only affirm the ability to overcome difficulties but also reflect the company's development potential in the coming time. Let's look forward to the next successes of HVA!
