EVN invests more than 1,300 billion VND in Ninh Thuan Nuclear Power Plant project

(Chinhphu.vn) - By the end of 2024, Electricity Group (EVN) has invested more than 1,300 billion VND in the Ninh Thuan Nuclear Power Plant project.

EVN's after-tax profit reached VND8,237 billion, of which the after-tax profit belonging to the parent company's shareholders was more than VND7,222 billion - Illustrative photo

Vietnam Electricity Group (EVN) has just announced its audited consolidated financial statements for 2024.

According to the report, the Group's net revenue in 2024 reached VND 580,537 billion, an increase of nearly VND 80,000 billion compared to the previous year, equivalent to an increase of 16%. Of which, revenue from electricity sales reached more than VND 572,936 billion, accounting for more than 98% of total revenue. Cost of goods sold was VND 530,948 billion, helping EVN achieve a gross profit of VND 49,588 billion, nearly 4 times higher than the result in 2023.

EVN's after-tax profit reached VND8,237 billion, of which the after-tax profit belonging to parent company shareholders was more than VND7,222 billion.

In 2024, EVN will boost investment, with total investment capital reaching VND 102,702 billion, nearly 4 times higher than the previous year.

Notably, the National Assembly passed a resolution in November 2024, allowing the Ninh Thuan Nuclear Power Plant Project to continue. At the time of writing this report, EVN was in the process of preparing steps to restart this key project. By the end of 2024, EVN had invested more than VND 1,300 billion in the project.

However, by the end of 2024, EVN still recorded an accumulated loss of more than VND 38,688 billion due to having to compensate for heavy losses in the previous two consecutive years: a loss of VND 26,772 billion in 2023 and a loss of VND 20,747 billion in 2022.

As of December 31, 2024, EVN's total liabilities are VND 474,630 billion, accounting for about 70% of total capital. Of which, long-term debt is VND 278,914 billion, mainly loans and long-term financial leases for investment in power source and grid construction.

Anh Tho

Source: https://baochinhphu.vn/evn-dau-tu-hon-1300-ty-dong-vao-du-an-nha-may-dien-hat-nhan-ninh-thuan-102250728223852755.htm