Sovico Group achieved profit of 1.485 billion VND, equity reached 67.412 billion VND

Sovico Group Joint Stock Company (Sovico Group) has just announced its business results for 2023. The group continues to expand, with the scale and quality of operations of a multidisciplinary private investment group belonging to the business group. largest in Vietnam, operating in the fields of finance and banking, aviation, digital transformation, energy, urban development, resorts...

The Group will achieve pre-tax profit of VND 1.485 billion in 2023, equity capital will reach VND 67.412 billion. copper. Besides the consolidated profit of 1.485 billion copper, The Group recorded an after-tax profit from dividends from investments of 894 billion, total income including dividends distributed by shares reached 2.379 billion copper in 2023.

Total assets of the Group reached 187.408 billion copper. Cash and cash equivalents (including valuable papers available for sale) at the end of 2023 are 4.814 billion copper. The increase in the Group's asset scale was recorded from the end of 2022 when consolidating business, finance, insurance, aviation, and urban development activities invested by Sovico Joint Stock Company (Sovico Holdings). ) has been held for many years.

On the other hand, it is also noted that the ratio of outstanding debt including bonds to equity (D/E) by the end of 2023 is 0,44 times, down from 0,9 times at the end of 2022, compared to the average level. above 3,5 of the market. The Group does not borrow from banks. Other payables of the Group mainly include debts to shareholders and payments to partners that are matched with receivables.

Enterprises with capital contributed by the Group all operate stably, growing revenue and profits according to sustainable development strategies, being environmentally friendly and responsible to the community. Deferred earnings in 2023 will materialize in 2024 and beyond. On the basis of Vietnam's economic prospects, with the bright business picture of the multi-industry Group and good financial indicators, in 2024, the Group prioritizes the sustainable development strategy (ESG), continuing Continue investing in key areas.