Pour le quatrième trimestre 2023, Northern Coal Trading Joint Stock Company (TMB), a subsidiary of the Vietnamese state-owned company Vinacomin, achieved a sharp increase in its financial results and a stock market price record.

The Northern Coal Trading Joint Stock Company achieved a 27.2% increase in net profit to 145 billion VND, thanks to a stronger drop in the cost of goods sold. This solid performance extends over the whole year, with sales and after-tax earnings in 2023 up by 50% and 76% respectively. TMB's total assets increased significantly to 3.94 trillion VND, mainly due to an increase of 755 billion VND in inventories, which now account

After a period of consolidation, TMB shares soared, gaining nearly 38% over five consecutive trading sessions to a record 59,800 VND. That's a 130% increase in just six months.