VSC completed 91% of its annual profit target after 9 months
admin 28-10-2020, 00:18

Through the first 9 months of 2020 Vietnam Container Group recorded net revenue and after-tax profit of the parent company reaching 1230 billion and 177 billion, respectively, down 9% and up 19% over the same period. 2019.

Vietnam Container Group Joint Stock Company (Viconship – Ticker: VSC) has just announced the third quarter financial report, with revenue reaching 429 billion dong, down 6.3% over the same period, all revenue comes from the supply segment.

During the period, Viconship recorded gross profit down 6% to 110 billion. Gross profit margin is at 25.6%, up from 25.5% in the same period last year. Financial expenses, selling expenses, and administrative expenses decreased by 96%, 8% and 6% respectively.

Subtracting operating expenses, Viconship recorded profit after tax of 78.2 billion, t equivalent to the same period in 2019. Profit after tax of the parent company’s shareholders, accordingly, reached 64.4 billion, down 1 % over the same period.

VSC completed 91% of its annual profit target after 9 months

(Source: Compiled from Q3 financial statements of Viconship).

Through the first 9 months of 2020 Viconship recorded net revenue, down 9% while parent company EAT increased 19% to 177 billion. Basic income per share for the last 4 quarters reached 4753 dong.

In 2020 Viconship plans to maintain a dividend of 20%. The company expects revenue in 2020 about 1550 billion, profit before tax 266 billion. Thus, over the past 9 months, the company has completed 79% and 91% of the revenue and pre-tax profit plan.

As of September 302020 Viconship’s total assets are VND 2468 billion, an increase of VND 75 billion compared to the beginning of the year. In which, short-term receivables are 247 billion VND, accounting for 10% of the asset structure.

On the capital side, the company has not changed equity capital in the past 9 months, still at 551 billion, accounting for 22% of capital structure. After 9 months, the company has paid off 76 billion dong of short-term and long-term loans.

Recently, Viconship has advanced a first cash dividend at the rate of 15%. So the company will spend 82.6 billion dong on dividend payment. The last registration date is October 28. Payment implementation is on November 18.

Closing the session on October 27 VSC shares fell 200 dong, equivalent to a drop of 0.5 percent, at 41300 dong /share. Liquidity reached 178810 units.

Source: vietnambiz.vn – Translated by fintel.vn