Ninh Thuan BOT One-Member Co., Ltd. (Ninh Thuan BOT) has disclosed semi-annual financial information for 2024 to the Hanoi Stock Exchange (HNX) and bondholders.
Accordingly, this Ninh Thuan BOT recorded a booming business situation in the first six months of this year, reporting an after-tax profit of VND 208 billion, 42 times higher than the same period in 2023 (VND 4.9 billion).
The after-tax profit margin/equity (ROE) was 0.27%, compared to 0.01% in the same period last year.
In terms of financial health, as of June 30, 2024, the company’s equity was VND 774 billion, 22.9% higher than the previous period. The debt-to-equity ratio was 2.52 times, corresponding to a debt balance of VND 1,951 billion. Of which, bond debt was VND 1,185 billion.
Ninh Thuan BOT witnessed a surge in profit in the first half of 2024.
Previously, on January 29, 2024, Ninh Thuan BOT successfully issued a batch of BNTCH2433001 bonds worth VND 1,200 billion, with a term of 117 months (nearly 10 years). The maturity date is October 29, 2033.
Notably, this is a batch of “three-no” bonds: non-convertible, non-warrant, and unsecured…
It is known that Ninh Thuan BOT is a subsidiary of Ho Chi Minh City Infrastructure Investment Corporation (CII; HoSE: CII) indirectly owned by CII Bridge and Road Investment Joint Stock Company (CII B&R HoSE: LGC).
Ninh Thuan BOT was established on July 25, 2014, operating in the construction industry. The company is headquartered at 477 – 479 An Duong Vuong, Ward 11, District 6, Ho Chi Minh City.
The enterprise’s legal representative is Director Huynh Thai Hoang (born in 1972, Ben Tre province). In addition, Mr. Huynh Thai Hoang is also the legal representative of Ninh Thuan Construction Investment and Development Joint Stock Company.
This enterprise was established to implement and manage the project “Phan Rang – Thap Cham Phase 2 – Upgrading National Highway 1A, Ninh Thuan Province.”
The project to upgrade National Highway 1A in Ninh Thuan Province has a total length of 36.75 km and a total investment of VND 2,111 billion, with CII B&R as the investor.
Currently, the project is in the process of collecting tolls for repayment, estimated from 2017 to 2034. By the end of 2022, the project had average daily toll revenue of VND 740 million.
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