Trung Nam Group, a leading Vietnamese construction and investment company, has recently released its periodic financial report for 2023, as per the regulations related to corporate bond offerings and transactions.
According to the standalone report, as of the end of 2023, Trung Nam Group’s owner’s equity stood at VND 21,440.5 billion, a 9% decrease compared to the end of 2022 (VND 23,651.4 billion). The debt-to-equity ratio reached 0.77.
The bond debt-to-equity ratio at the end of 2023 was 0.14, with bond debt amounting to VND 3,001.6 billion.
Notably, while the company reported a net profit of VND 241.6 billion in 2022, it incurred a net loss of VND 2,120.5 billion in 2023. In 2021, the company had reported a profit of over VND 1,600 billion.
The consolidated report showed that Trung Nam Group’s owner’s equity reached VND 24,289.6 billion at the end of 2023, a 12.9% decline compared to the previous year (VND 27,914 billion). The debt-to-equity ratio was 2.68.
The bond debt-to-equity ratio stood at 0.75, with bond debt amounting to VND 18,217.2 billion.
The company’s net profit for 2023 was negative, at VND 2,878.2 billion, compared to a net profit of VND 252 billion in the previous year.
As of the end of 2023, the return on equity (ROE) was -11.85%, compared to 0.91% in the same period last year.
Established in 2004, Trung Nam Group has a diverse ecosystem with a presence in five key sectors: Energy, Infrastructure, Construction, Real Estate, and Information Technology and Electronics.
