In its financial report submitted to HNX, Casper Vietnam Group announced a consolidated after-tax profit of 47.3 billion VND for the first half of the year, a 34% increase compared to the same period last year, equivalent to a daily profit of nearly 260 million VND. The after-tax profit ratio to owner’s equity (ROE) reached 7.7%, an improvement from the 6.2% recorded in the previous year.
As of the end of June 2024, the debt-to-equity ratio was 4.28 times, corresponding to approximately 2,631 billion VND in debt, a 14% increase from a year earlier. The report also revealed that the Company no longer has any bond debt.
It is known that the Company issued a single batch of bonds with the code CPGCH2225001 on June 16, 2022, valued at 300 billion VND, with a three-year term. The bonds were secured by a maximum of 3,451,000 shares of the Company owned by the guarantor and managed at SSI Securities Joint Stock Company – Hanoi Branch, with a fixed interest rate of 11% per annum.
On June 28, 2024, Casper Vietnam Group repurchased all of these bonds ahead of schedule, thereby eliminating its bond debt.
Casper is a multinational brand with branches and distribution networks in several Southeast Asian markets, including Thailand, Vietnam, Malaysia, Brunei, and Laos. Casper Vietnam is the exclusive distributor and service provider for Casper-branded products in Vietnam, such as air conditioners, refrigerators, televisions, washing machines, and air purifiers.
Casper Vietnam Group Joint Stock Company was established in April 2021 with an initial charter capital of 119.76 billion VND. The founding shareholders included CHG Holding Vietnam Limited Company, holding 16.032%, Mr. Nguyen Viet Chung (currently the General Director) with 32.732%, Mr. Nguyen Viet Chien with 19.973%, Mr. Nguyen Minh Phuong with 20.341%, Mr. Nguyen Trong Duoc with 0.301%, and Mr. Nguyen Truong Thanh with 10.621%. The company has since undergone several capital adjustments and changes in its shareholder structure, including the entry of foreign investors.
As of mid-February this year, the company’s charter capital exceeded 162 billion VND, of which foreign investors held 29.452%. These included Hanoi Investments Holdings Limited (based in Cayman Islands, represented by Ms. Duong Do Quyen) with a stake of 15.543%, Menang Investments Pte. Ltd. (based in Singapore, represented by Mr. Chiam Fong Sin) with 5.181%, and Vietnam Growth Investment Fund L.P. (based in Cayman Island, represented by Ms. Le Thi Le Hang) with a stake of 7.324%.
Mr. Nguyen Viet Chung also serves as the General Director of CHG Holding Vietnam Joint Stock Company and Casper Vietnam Joint Stock Company. Ms. Hang is the former Chairwoman of the Board of Directors of Southern Seed Joint Stock Company (HOSE: SSC) from 2015 to 2020 and currently serves as the Strategic Director of Saigon Securities Joint Stock Company (HOSE: SSI).
 Mr. Nguyen Viet Chung
|
“DPM’s Profits Vanish Into Thin Air, Accounting for Over 90% in 2023”
“DPM, the industry leader, achieved a remarkable feat by generating a profit post-tax of over 90% in 2023, marking its lowest net earnings since 2019.”
Bamboo Capital (BCG) surpasses 4,000 billion VND in revenue, reduces debt by 5,500 billion VND by 2023
The amount of debt to be paid has been reduced by more than 5,498 billion VND as the Group has actively settled all borrowings in order to lessen the cost of interest and ensure financial stability for the business.
LandX Services reports a loss of 160 billion VND in 2023, cuts over 1,000 staff
In 2023, Dat Xanh Services incurred a net loss of 160 billion VND primarily due to a shortfall in real estate service revenue. Additionally, the company downsized its workforce by over 1,000 employees in the past year.
Viglacera Reports First-Ever Loss
Viglacera, the construction equipment giant, reported a net loss of 48 billion VND in Q4/2023, due to declining revenues and high maintenance costs. This marks the first time the company has reported a loss since its inception.
