Trung Nam Group, a prominent Vietnamese construction and investment company, recently released its periodic financial report for 2023, as mandated by regulations pertaining to corporate bond offerings and transactions.
According to the standalone report, Trung Nam Group’s owner’s equity stood at VND 21,440.5 billion at the end of 2023, marking a 9% decrease from the previous year’s figure of VND 23,651.4 billion. The debt-to-equity ratio was calculated to be 0.77.
Notably, the company’s bond debt at the end of 2023 amounted to VND 3,001.6 billion, representing a bond debt-to-equity ratio of 0.14. A significant shift was observed in the company’s profitability, as it reported a post-tax loss of VND 2,120.5 billion in 2023, compared to a post-tax profit of VND 241.6 billion in 2022 and a profit of over VND 1,600 billion in 2021.
The consolidated report revealed 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, while the bond debt-to-equity ratio was 0.75, translating to bond debt of VND 18,217.2 billion.
The company’s financial performance showed a post-tax loss of VND 2,878.2 billion in 2023, in contrast to a post-tax profit of VND 252 billion in the previous year. The return on equity (ROE) for 2023 was calculated to be -11.85%, a notable decrease from the previous year’s figure of 0.91%.
Established in 2004, Trung Nam Group has evolved over its 18 years of operation, expanding into a diverse range of industries. The group’s ecosystem now encompasses five key sectors: Energy, Infrastructure, Construction, Real Estate, and Information and Electronics Industry.
