After the former leader was prosecuted, Bamboo Capital plans to lose money until 2027

(Dan Tri) - Bamboo Capital plans to incur losses in the next 3 years. However, the company expects losses to gradually decrease and will return to profit from 2028.

In the document submitted to the extraordinary shareholders' meeting at the end of this month, Bamboo Capital Group (stock code: BCG) shared its restructuring orientation after a difficult period.

According to the board of directors, operations in 2024 and early this year were affected by many factors, including the prosecution of the company's former leader (Mr. Nguyen Ho Nam). Transactions with financial institutions, investors, customers, etc. were seriously affected, causing great financial pressure and affecting project progress, capital mobilization, and debt collection.

The company has not yet announced its audited financial statements for 2024. However, the company's management estimated a loss of more than VND 7,530 billion in its separate audit report. According to the consolidated audit report, the company lost about VND 8,400 billion. This figure is significantly different from the after-tax profit of VND 845 billion recorded by the company in its independent report.

Mr. Nguyen Ho Nam - founder and former leader of Bamboo Capital - was prosecuted in March (Photo: DT).

Regarding the restructuring plan, the board of directors said that the recovery from now until 2030 will be divided into two phases. The company expects to return to profit from 2028.

Bamboo Capital was established in 2011. The company's main business segments include renewable energy, real estate, construction - infrastructure investment, production - trade, financial services and pharmaceuticals.

In early March this year, the company said it was notified by the competent authority of the decision to prosecute the case and prosecute Mr. Nguyen Ho Nam - a founding shareholder and former Chairman of the Board of Directors until his resignation in mid-2024.

Following the prosecution of its former leader, Bamboo Capital has replaced four general directors this year, and the chairman of the board of directors has also been replaced. Personnel changes at the parent company and its subsidiaries, according to the board of directors, have greatly affected normal operations, continuity and consistency in management. Long-term plans are easily delayed, new projects are delayed and resource allocation is blocked.

Source: https://dantri.com.vn/kinh-doanh/sau-vu-cuu-lanh-dao-bi-khoi-to-bamboo-capital-du-dinh-thua-lo-den-nam-2027-20251208111856295.htm