Coteccons Construction Corporation (stock code: CTD) has just announced its consolidated financial statements for the 3rd quarter of fiscal year 2023-2024 (1/1/2024 – 31/3/2024) with a recorded net revenue reaching 4,666 billion VND, an increase of 49% compared to the same period. After deducting the cost of goods sold, the company generated a gross profit of nearly 221 billion VND, which is 4 times higher than the same period’s figure of 55.6 billion VND.
During the period, CTD’s financial revenue decreased by more than half to 41.6 billion VND. Financial expenses were 11.4 billion VND, down 64% compared to the same period in 2023.
As a result, Coteccons’ after-tax profit for this quarter reached nearly 105 billion VND, 4.8 times higher than the same period and the highest in the last 15 quarters.
In the first 3 quarters of the fiscal year, CTD recorded net revenue reaching 14,450 billion VND, up 16% year-on-year, and after-tax profit reaching 241 billion VND, 6.4 times higher than the same period.
As of March 31, 2024, the total assets of CTD reached 20,933 billion VND. Of which, cash and bank deposits were nearly 3,100 billion VND.
The company is spending 239 billion VND to invest in securities and nearly 1 billion VND for the provision for the decline in the value of securities. In particular, CTD spent nearly 40 billion VND to buy ETF KIM GROWTH VN30 certificates and more than 28 billion VND to buy FPT shares. According to the market value of FPT shares, as of March 31, CTD is holding approximately 412,600 FPT shares.
The company’s total liabilities are at 12,413 billion VND, of which outstanding loans are 2,410 billion VND. In terms of equity, CTD’s total capital as of the end of March was over 8,520 billion VND.
