Sgr
Coc tay cam
SGR's 6-month net profit doubled in the same period,
despite a loss in Q1
FIELD | 25/07/2023 09:18:57
Specifically, in the second quarter, SGR's net revenue increased by 64% over the same period to 17 billion dong.
The increase in revenue mainly comes from the Company's projects👍.
However,
after deducting the cost of goods,
the company only made a profit of more than 3 billion dong,
although an increase of 88% over the same period.
On the other hand,
SGR recorded nearly 44 billion dong
of financial revenue
🫒doanh thu tai chinh🫒,
of which more than 36 billion dong was revenue
from investment cooperation
🫒hop tac dau tu🫒
🔮Another bright spot
🫒diem sang🫒
is that during the period,
SGR reversed
🫒hoan nhap🫒
22.5 billion dong
of provision for bad debts
🫒phai thu kho doi🫒
Thanks to these two positive factors🫒yeu to tich cuc🫒,
the Company
🔮reported a net profit 🫒
of nearly 42 billion dong
in the second quarter of 2023,
up 56% over the same period.
Although the first quarter of 2023
saw a loss,
SGR's net profit
in the first 6 months of the year
was still double the same period of the same period,
with more than 30 billion dong.
However,
compared to the 315 - dong - VND 🫒profit after tax plan set for 2023,
the first half results of SGR
have only achieved🥲nearly 10%
of the progress.
On the balance sheet,
🫒total assets of SGR
as of June 30,
⬇️decreased by 3%
compared to
the beginning of the year,
but still remained
at approximately
🫒xap xi🫒
VND 2 trillion🫒2 nghin ty.d🫒
Notably 🫒dang chu y🫒
the company's cash amount ⬇️🥲decreased by 80%,
only 69 billion VND.
Instead,
🤔receivables
🫒cac khoan phai thu🫒
⬆️increased by 25%
to nearly VND 716 billion.
In the Company's notes,
the increase in receivables
mainly comes from
a number of reasons such as:
🏞The company paid more than VND 78 billion
in advance
to shareholders of
Duc Nhi Import-Export and Trading Construction JSC
under the transfer contract shares
🫒hd chuyen nhuong cp🫒
on May 9, 2023;
🏞deposit 70 billion dong
to Me Kong Investment Group Joint Stock Company
to invest and develop
a high-class apartment project
on a land area of 9,478 m2 in Hung Phu ward, Cai Rang district, Can Tho city;
🏞increased receivables
from Kim Tam Hai Joint Stock Company
from VND 180 billion to VND 235 billion
according to
the minutes of liquidation
🫒bien ban thanh ly🫒
of investment cooperation
between the two parties.
SGR's total liabilities
🫒tong no phai tra🫒
👍⬇️decreased by 7%
to more than 1 trillion dong.
In which,
total debt
👍⬇️decreased by 3%
to 304 billion dong.
Coc tay cam
SGR's 6-month net profit doubled in the same period,
despite a loss in Q1
FIELD | 25/07/2023 09:18:57
Specifically, in the second quarter, SGR's net revenue increased by 64% over the same period to 17 billion dong.
The increase in revenue mainly comes from the Company's projects👍.
However,
after deducting the cost of goods,
the company only made a profit of more than 3 billion dong,
although an increase of 88% over the same period.
On the other hand,
SGR recorded nearly 44 billion dong
of financial revenue
🫒doanh thu tai chinh🫒,
of which more than 36 billion dong was revenue
from investment cooperation
🫒hop tac dau tu🫒
🔮Another bright spot
🫒diem sang🫒
is that during the period,
SGR reversed
🫒hoan nhap🫒
22.5 billion dong
of provision for bad debts
🫒phai thu kho doi🫒
Thanks to these two positive factors🫒yeu to tich cuc🫒,
the Company
🔮reported a net profit 🫒
of nearly 42 billion dong
in the second quarter of 2023,
up 56% over the same period.
Although the first quarter of 2023
saw a loss,
SGR's net profit
in the first 6 months of the year
was still double the same period of the same period,
with more than 30 billion dong.
However,
compared to the 315 - dong - VND 🫒profit after tax plan set for 2023,
the first half results of SGR
have only achieved🥲nearly 10%
of the progress.
On the balance sheet,
🫒total assets of SGR
as of June 30,
⬇️decreased by 3%
compared to
the beginning of the year,
but still remained
at approximately
🫒xap xi🫒
VND 2 trillion🫒2 nghin ty.d🫒
Notably 🫒dang chu y🫒
the company's cash amount ⬇️🥲decreased by 80%,
only 69 billion VND.
Instead,
🤔receivables
🫒cac khoan phai thu🫒
⬆️increased by 25%
to nearly VND 716 billion.
In the Company's notes,
the increase in receivables
mainly comes from
a number of reasons such as:
🏞The company paid more than VND 78 billion
in advance
to shareholders of
Duc Nhi Import-Export and Trading Construction JSC
under the transfer contract shares
🫒hd chuyen nhuong cp🫒
on May 9, 2023;
🏞deposit 70 billion dong
to Me Kong Investment Group Joint Stock Company
to invest and develop
a high-class apartment project
on a land area of 9,478 m2 in Hung Phu ward, Cai Rang district, Can Tho city;
🏞increased receivables
from Kim Tam Hai Joint Stock Company
from VND 180 billion to VND 235 billion
according to
the minutes of liquidation
🫒bien ban thanh ly🫒
of investment cooperation
between the two parties.
SGR's total liabilities
🫒tong no phai tra🫒
👍⬇️decreased by 7%
to more than 1 trillion dong.
In which,
total debt
👍⬇️decreased by 3%
to 304 billion dong.
