Doan Xa Port at 7-month high as profit doubles

Doan Xa Port Joint Stock Company (DXP) climbed to a near seven-month high Thursday after the company said its January-April pretax profit more than doubled from a year earlier.

Shares of Doan Xa, which offers cargo handling services at port and warehouse facilities, gained for a fourth day, rising by the maximum 5 percent daily limit, to VND31,500, its highest since October 3 on the Ho Chi Minh Stock Exchange.

The company, based in the northern port city of Hai Phong, reported a profit of VND15.4 billion (US$866,000) for the first four months of the year, up from VND6.2 billion for the period last year.

The statement gave no reason for the profit surge.

thanhnien, bloomberg

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