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According to the Hanoi Stock Exchange (HNX), the Industrial Investment and Development Corporation (Becamex IDC) has announced the results of its bond issuance.
On August 14, 2024, the company successfully issued 5,000 bonds with the code BCMH2427003, each with a par value of VND 100 million. The issuance value was VND 500 billion. The completion date was August 22, 2024, with a term of 3 years, and the bond is expected to mature on August 14, 2027.
Also, on August 14, 2024, Becamex IDC successfully issued 3,000 bonds with the code BCMH2427004, with a par value of VND 100 million per bond. The issuance value was VND 300 billion, with a term of 3 years, maturing on August 14, 2027.
Earlier, on August 8, Becamex IDC raised VND 200 billion in bonds with the code BCMH2427002, with a term of 3 years, maturing on August 8, 2027.
Going further back, on June 17, Becamex IDC issued VND 800 billion in bonds with the code BCMH2427001, with a term of 3 years, maturing on June 17, 2027. The interest rate for these bonds was 10.5% per annum.
In terms of business results, according to the reviewed consolidated financial statements for the first half of 2024, Becamex IDC recorded net revenue of VND 1,967.6 billion and after-tax profit of VND 406.3 billion.
According to the enterprise’s explanation, the reviewed consolidated profit for the first half of the year decreased by 20.85% compared to the cumulative amount in the consolidated financial statements for the second quarter of 2024. This was mainly due to a decrease of VND 64 billion in gross profit from sales of goods and services and an increase of VND 74 billion in financial expenses compared to the cumulative amount in the consolidated financial statements for the second quarter of 2024. These were the main reasons for the decrease of VND 107 billion (corresponding to a decrease of 20.85%) in the company’s consolidated after-tax profit in the reviewed financial statements compared to the self-prepared report.
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