According to the consolidated financial report for Q1-2024 of Tracodi (TCD), the company’s net revenue reached 354 billion VND, a decrease of 48% compared to the same period last year.
Tracodi has just announced its consolidated financial report for Q1-2024, with net revenue reaching 240.5 billion VND, down 23.4% compared to the same period last year.
During the period, financial revenue decreased by 60% to 52 billion VND. Financial expenses decreased by 43% to 40.6 billion VND; while selling expenses decreased by 18% to 18 billion VND. In contrast, management expenses increased by 10.6% to 29.3 billion VND.
After deducting all expenses, TCD’s after-tax profit reached 30.3 billion VND, a decrease of 56% compared to the same period in 2023.
In 2024, TCD set a business plan with a consolidated net revenue target of 1,920 billion VND and an expected after-tax profit of 186 billion VND. Thus, at the end of the first quarter of 2024, TCD had achieved 12.5% of its revenue target and 16.3% of its annual profit plan.
As of March 31, 2024, Tracodi’s total assets reached 8,964.6 billion VND, a decrease of 2.4% compared to the beginning of the year. Of which, Tracodi has 69.2 billion VND in bank deposits; 100 billion VND in bonds of Helios Investment and Services JSC. Inventory is recorded at 587.1 billion VND.
The largest proportion of Tracodi’s asset structure is current receivables, at 5,285.7 billion VND, accounting for 59% of total assets. Notably, trade receivables from customers amount to 787.4 billion VND, while prepayments to short-term sellers are at 3,195.7 billion VND.
As of the end of Q1-2024, Tracodi’s total debt was approximately 2,141.8 billion VND. Of which, 1,290 billion VND is the outstanding bond balance.