Infrastructure and Transportation Construction Investment Joint Stock Company (Intracom) has just announced the financial situation of the first half of 2023. Data show the business activities of enterprise has somewhat declined in the context of general difficulties of the market.
Specifically according to information from the Exchange securities Hanoi (HNX) this multi-industry company has a charter capital of 1,000 billion VND. Representative cum General The director is Mr. Nguyen Thanh Viet (shark Viet).
In the first half of the year, the business recorded a profit after tax of nearly 26 billion VND, down 47%. In the same period of 2022, the company has a profit of about 49 billion VND.
So, on average, every day in the first half of this year, the business has a profit of more than 143 million VND, while last year the profit was more than 272 million VND.
Equity at the time mid-2023 at more than VND 4,191 billion, a slight increase of 28% over the same period last year. Because the profit margin is quite low, the profit after tax/equity ratio (ROE) of the enterprise only reached 0 62% for the first half of the year.
The enterprise’s financial leverage increased slightly compared to the same period last year. The ratio of liabilities to equity as of June 30 is 1 12 times. Accordingly, the debt payable at the middle of the year was about 4,694 billion VND.
Last year, this ratio of the enterprise was at 108 times. From there, the debt payable in the middle of last year was calculated at 4,402 billion VND.
Information from HNX said that Intracom still circulated a part of the bond batch worth more than 135 billion VND with an interest rate of 10 3%/year will mature in October.
From the above data, it can be calculated that the total assets of the enterprise recorded as of June 30 were 8,885 billion VND, an increase of 4.8% compared to level of VND 8,478 billion at the same time last year.
Intracom was established in December 2002 with 100% State capital operating in the field of real estate investment and construction, clean energy and building materials. construction and installation. In 2006, this company was equitized.
This unit is the investor of a number of real estate projects such as Intracom Cau Dien (Bac Tu Liem, Hanoi City ) and Intracom Riverside in Vinh Ngoc commune (Dong Anh district, Hanoi).
In addition, the company is also the investor of a series of large hydroelectric projects including the Nam Pung Hydroelectric Project and the Nam Pung Hydroelectric Project. Ta Loi 1 2 and 3 Cam Thuy 1 hydroelectric projects.
This enterprise also invests in healthcare by contributing more than 1,000 billion VND to establish Phuong Dong Medical Complex Company Limited in 2010.
Mr. Nguyen Thanh Viet, Chairman of Intracom Group, is famous for participating in the Shark Tank program (Vietnam’s billion-dollar business deal) as an investor.
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