FPT Da Nang Urban Joint Stock Company has just announced some information about the financial situation of the 2020 reporting period. This enterprise is the investor of the FPT City Da Nang urban area project with a total area area of more than 181 hectares.
In 2020, the enterprise recorded an after-tax loss of 1,466 billion VND, a sharp decrease compared to the profit of nearly 60 billion VND in 2019.
Not only did it change from profit to loss of equity Ownership at the end of 2020 also decreased by 52% to 2,134 billion VND. In the same period at the end of 2019, this index of the enterprise was at 4,407 billion VND.
Notable in the past year of the enterprise. This sharply increases financial leverage. The ratio of debt to equity as of December 31, 2020 is 8 times while the previous year was only 069 times.
From the data, it can be seen Calculate liabilities as of December 31, 2020, equivalent to about 1,904 billion VND. At the end of 2019, liabilities were at VND 304 billion.
Thus, the total assets of this enterprise recorded at the end of 2020 were more than 2,117 billion VND, 28 times higher than the level of 745 billion VND at the end of 2019 .
With a modest profit, the business’s profit/equity ratio (ROE) was only 014% at the end of 2019. The profit rate in 2020 is negative 067%.< /p>
A noteworthy point is that the outstanding bond debt of businesses in 2020 increased dramatically. In 2019, this unit did not record outstanding bond debt, but by the end of 2020, the ratio of outstanding bond debt to equity reached 459 times. Calculated bond debt is nearly 980 billion VND.
According to data from HNX, in 2020, this enterprise had a bond issuance with a total value of 980 billion VND with an interest rate of 11%/year for the term. 3 years. However, up to now this batch of bonds has been completely canceled.
Information from the National Information Portal on business registration said that the investor project FPT City Da Nang has capital charter of 1,150 billion VND, headquartered at FPT building, Da Nang Industrial Park, Son Tra District, Da Nang City. The legal representative and general director is Mr. Nguyen Van Loc.
Mr. Nguyen Van Loc (born in 1972) is the legal representative of Hoa Lac High-tech Urban Area Development Company Limited FPTFPT Real Estate Company Limited – Transaction office.
According to information from FPT’s internal information page, Tong Loc joined the group from In 1993, he successively held the positions of treasurer and deputy finance FPT company plan. In 2003, he moved to the position of chief accountant of FPT distribution company and then was appointed head of the financial planning department of FPT distribution company.
From 2007 to 2008, this position also held the position of Center Director. Trading in computers and network equipment under FPT Distribution Company and FPT Distribution Company branch in Ho Chi Minh City. From 2007 to 2009, he was assigned the position of Deputy General Director of FPT Distribution Company.
Information from FPT Capital added that Mr. Loc held important positions such as acting general director of the Company. FPT Investment Fund Management sharesChairman of the Board of Members of FPT Real Estate Company; Chairman of the Board of Members of FPT Hoa Lac Hi-Tech Park Development Company Limited; Deputy General Director of FPT Telecommunications Joint Stock Company.
“
