Trung Nam Group, a prominent Vietnamese investment and construction company, has recently released its periodic financial report for 2023, providing insights into its performance and financial health.
According to the report, as of the end of 2023, Trung Nam Group’s owner’s equity stood at VND 21,440.5 billion, representing a 9% decrease from the previous year’s figure of VND 23,651.4 billion. The debt-to-equity ratio reached 0.77.
Notably, the company’s bond debt-to-equity ratio was 0.14 at the end of 2023, translating to VND 3,001.6 billion in bond debt.
A striking observation is the contrast between the company’s performance in 2022 and 2023. While Trung Nam Group reported a post-tax profit of VND 241.6 billion in 2022, it recorded a post-tax loss of VND 2,120.5 billion in 2023. It is worth mentioning that the company also reported profits of over VND 1,600 billion in 2021.
The consolidated report reveals that Trung Nam Group’s owner’s equity reached VND 24,289.6 billion at the end of 2023, reflecting a 12.9% decline from the previous year’s figure of VND 27,914 billion. The debt-to-equity ratio stood at 2.68.
With a bond debt-to-equity ratio of 0.75, the company’s bond debt amounted to VND 18,217.2 billion. Additionally, the company’s post-tax profit for 2023 was negative, at VND 2,878.2 billion, compared to a positive VND 252 billion in the previous year.
As of the end of 2023, the company’s return on equity (ROE) stood at -11.85%, a significant shift from the positive 0.91% recorded in the previous year.
Established in 2004, Trung Nam Group has evolved into a diverse conglomerate with a presence in five key sectors: Energy, Infrastructure, Construction, Real Estate, and Information and Electronics Industry.
