Pizza 4P’s suffered a loss of nearly 38 billion even though online sales flourished during the epidemic season
Founded in Vietnam by Japanese couple Yosuke Masuko and Sanae Tagatsuki, Pizza 4P’s is currently the leading F&B brand in Vietnam in terms of both quality and diners’ preference. Before March 2020, Pizza 4P’s always said “no” to home delivery, but the Covid-19 pandemic forced the brand to change its business model.
Photos @wunh.nyh, @nini.yummyy, @normaltus, @
Since then, Pizza 4P’s has promoted online food delivery as well as selling prepackaged products on delivery platforms, e-commerce sites, etc. At the peak, during the 2021 epidemic, Pizza 4P’s prepackaged pizza and noodle products. create a hot trend, continuously sold out in the wave of millions of people having to stay at home. However, the positive online business situation still cannot balance the cost of losses caused by the pandemic to Pizza 4P’s restaurants.
Recently, Pizza 4P’s Joint Stock Company announced information to bond investors about its business performance. Accordingly, in 2021, Pizza 4P’s reported a loss of nearly 38 billion dong, in 2020 it lost 20.8 billion dong, the current equity is 98.3 billion dong compared to 136 billion dong last year.
The debt-to-equity ratio increased to 1.99 times from 0.66 times in 2020, bond outstanding now accounts for 21% of equity.
In July 2021, Pizza 4P’s JSC successfully issued 210 private placement bonds, with a total par value of 21 billion dong. This is a non-convertible bond without warrants without collateral with a term of 2 years, issued on July 15, 2021 and matured on July 15, 2023. Fixed interest rate 11%/year.
The purpose of the bond issuance of Pizza 4P’s JSC is to use for the expansion of the restaurant chain (expected to open 18 new restaurants in 2021 and 2022) and investment in building a cheese factory. Hopefully next time when the epidemic is under control, after the peak of the epidemic, the brand’s business situation will be better.
Source: Compilation
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
