(HSV VIETNAM GROUP) – Accumulated for the whole year 2023, Vicasa Steel - VNSteel recorded revenue of 1,724 billion VND, down 26.2%; Profit after tax reached more than 7 billion VND, while in 2022 the loss was nearly 6 billion VND.
Théo Vicasa Joint Stock Company - VNSteel (stock code: VCA) has just announced its financial statements for the third quarter of 2023 with revenue of 470 billion VND, a slight decrease of 6% compared to the same period last year. The business's gross profit is 13.3 billion VND, down 37.2% compared to the fourth quarter of 2022.
The company has almost no financial revenue. Sales expenses and business management expenses decreased sharply compared to the previous year to 1.3 and 3.4 billion VND, respectively. Meanwhile, selling expenses increased nearly 10% to 3.9 billion VND.
As a result, Vicasa - VNSteel earned 4.5 billion VND in pre-tax profit, down 35.7% over the same period last year. Profit after tax reached 3.6 billion VND, down 45%. EPS decreased from 423 VND to 238 VND. Thus, the company has returned to profit after a loss in the third quarter of 2023.
Cumulatively for the whole year 2023, Vicasa - VNSteel recorded revenue of 1,724 billion VND, down 26.2% over the same period last year. After deducting expenses, this company profits more than 7 billion VND, while in 2022 the loss is nearly 6 billion VND. However, this business still did not complete the set profit target of 12 billion VND.
As of December 31, 2023, total assets of Vicasa - VNSteel reached 573.5 billion VND, down 5 billion VND compared to the beginning of the year. Of which, the majority of this business's assets are inventory at 396.7 billion VND, an increase of 12% compared to the beginning of the year.
The company's financial debt is at VND 210 billion, down 13.2%. Equity reached 249.4 billion VND, of which charter capital was 151.8 billion VND, undistributed profit after tax was 62 billion VND.
Ha Diem HSV