The country's largest mattress retail chain has escaped losses.

In the first half of this year, Vua Nệm – the largest mattress, blanket, and pillow retail chain in the country – made a profit of 3 billion VND, after incurring a loss of nearly 55 billion VND last year.

This information was provided by Vua Nem Joint Stock Company in its periodic financial report submitted to the Hanoi Stock Exchange.

This retail company has cut its losses, posting a net profit of approximately 3 billion VND in the first six months of this year. However, the company did not disclose its revenue figures. Last year, Vua Nệm incurred a loss of approximately 54.5 billion VND. The year before that, this largest mattress retailer in the country made a profit of over 5 billion VND.

As of June 30th, Vua Nệm's equity increased slightly compared to the end of last year, reaching 108 billion VND. The debt-to-equity ratio decreased from 4.1 times to 2.9 times, corresponding to outstanding debt of approximately 313 billion VND.

The company's outstanding bond debt remains unchanged at VND 150 billion. This is the batch of bonds that Vua Nem issued in the middle of last year with a 24-month maturity. In the first half of this year, the company has paid nearly VND 9 billion in interest on this bond issue.

The Vua Nem ecosystem has its parent company, Vua Nem Investment Joint Stock Company. This company owns two subsidiaries: Chuc Ngu Ngon Joint Stock Company - which manages investments, and Vua Nem Joint Stock Company - which sells blankets, sheets, pillows, mattresses, carpets, and other textile products. The majority of revenue comes from sales activities.

Vua Nệm was founded in 2007 by a startup team led by Mr. Nguyen Vu Nghia and Mr. Hoang Tuan Anh. Ten years later, Mekong Capital joined and reorganized the ecosystem to its current state, aiming to become the largest bedding retailer in the country.

In 2021, this mattress retail chain announced sales of 46,000 mattresses. To date, Vua Nệm has more than 140 stores nationwide, a decrease of a few locations compared to the end of the first quarter.

Anh Tú

Source link: https://vnexpress.net/chuoi-ban-nem-lon-nhat-ca-nuoc-thoat-lo-4649100.html