The Hanoi Stock Exchange (HNX) recently announced the financial performance of Hoan My Medical JSC for 2022 and 2023. In 2023, the company reported a net profit of VND 633 billion, a 31.1% increase from 2022’s net profit of VND 483 billion. This translates to a return on equity (ROE) of 32% for 2023, compared to 34% in 2022.
Over the past two years, this healthcare company has recorded a remarkable net profit of over VND 1,116 billion. A significant turnaround from the net loss of VND 481 billion reported in the financial year 2021, which coincided with the peak of the Covid-19 pandemic and nationwide lockdowns.
As of December 31, 2023, Hoan My Medical’s total assets stood at nearly VND 2,004 billion, a 42% increase from the beginning of the year. The debt-to-equity ratio improved from 3.63 to 2.06, with total liabilities of VND 4,128 billion. This includes VND 1,400 billion in bond debt, corresponding to the HMGH1825001 bond issue.
Hoan My Hospital’s business performance over the years.
During 2023, Hoan My Medical successfully redeemed the HMGH1823001 bond issue valued at VND 930 billion.
Established in July 2007, Hoan My Medical JSC operates in the healthcare sector with its head office located in Ho Chi Minh City. With a charter capital of VND 392.35 billion, the company is known for its ownership of the Hoan My Hospital chain, which includes 13 hospitals, 1 medical center, and 2 clinics across Vietnam.
The turnaround in Hoan My Medical’s financial performance is a testament to the resilience and growth of the healthcare industry in Vietnam, especially in the post-pandemic era.
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