Binh Dien Fertilizer's profit in the first 9 months tripled compared to the same period last year.

Báo Đầu tư•31/10/2024

For the first nine months of the year, Binh Dien Fertilizer recorded a dramatic increase in pre-tax profit, tripling compared to the same period last year, reaching 406 billion VND and far exceeding the 210 billion VND profit target set at the beginning of the year.

For the first nine months of the year, Binh Dien Fertilizer recorded a dramatic increase in pre-tax profit, tripling compared to the same period last year, reaching 406 billion VND and far exceeding the 210 billion VND profit target set at the beginning of the year.

Binh Dien Fertilizer Joint Stock Company (stock code: BFC) announced its Q3/2024 financial report with net revenue reaching VND 2,031 billion, a decrease of 25% compared to the same period last year. Gross profit decreased by 15% compared to the same period last year to VND 290 billion. The gross profit margin reached over 14%, an increase of 2 percentage points compared to the same period last year.

Financial revenue decreased by half compared to the same period in 2023, to 4 billion VND. Financial and selling expenses were also reduced, decreasing by 22% to 20 billion VND and 30% to 124 billion VND respectively. Meanwhile, administrative expenses increased by 15% to 67 billion VND.

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The company reported pre-tax profit of approximately 81 billion VND, a 7% decrease compared to the same period last year. Thanks to a significant reduction in income tax, after- tax profit reached over 64 billion VND, a 10% increase compared to the same period.

For the first nine months of the year, Binh Dien Fertilizer achieved net revenue of VND 6,887 billion, an 8% increase compared to the same period last year. Domestic revenue contributed over VND 5,757 billion. Gross profit during this period was approximately VND 1,042 billion, nearly double that of the same period last year. Consequently, the gross profit margin increased by 5 percentage points to 15%.

The company reported pre-tax profit of VND 406 billion and after- tax profit of VND 328 billion, representing three and four times higher figures respectively compared to the same period last year.

This year, the company expects to achieve revenue of VND 7,137 billion, a 17% decrease compared to last year. Conversely, pre-tax profit is projected to increase by 7% year-on-year, reaching an estimated VND 210 billion. The company also plans to pay a dividend of no less than 15% to shareholders. After the first three quarters, the company has achieved 98% of its revenue target and exceeded its profit target by 93%.

As of the end of the third quarter, the company's total assets exceeded VND 3,656 billion, a slight increase compared to the beginning of the year. Inventory accounted for nearly VND 1,600 billion in the company's asset structure. Liabilities... This represents a slight increase compared to the initial figure of VND 2,167 billion, reaching VND 2,208 billion, with the majority being short-term items. Equity capital reached VND 1,448 billion, and undistributed after-tax profit was approximately VND 390 billion.

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In the final quarter of the year, Binh Dien Fertilizer aims for a production output of 111,148 tons and a sales volume of 97,260 tons. Total revenue is expected to exceed VND 1,246 billion and pre-tax profit VND 35 billion.

Source: https://baodautu.vn/phan-bon-binh-dien-lai-9-thang-gap-3-lan-cung-ky-d228740.html