Trung Nam Group, a leading construction and investment company in Vietnam, 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 from the previous year’s figure of VND 23,651.4 billion. The debt-to-equity ratio reached 0.77.
The company’s bond debt-to-equity ratio at the end of 2023 was 0.14, with a bond debt of 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 from the previous year’s figure of VND 27,914 billion. The debt-to-equity ratio stood at 2.68.
The bond debt-to-equity ratio was recorded at 0.75, with a bond debt of 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.
