Business

Report the biggest profit in 3 years, revenue 3 times higher than the same period

Hoang Anh Gia Lai Joint Stock Company recently announced its financial report for the first quarter of 2022, with results that have improved significantly compared to the same period last year.

Specifically, net revenue reached VND 802 billion, more than 3 times higher than the same period last year. As a result, gross profit reached 290 billion dong, nearly 6 times higher than the same period last year.

Hoang Anh Gia Lai said that fruit sales in the last period reached VND 392 billion, sales of goods were VND 217 billion and sales of pigs were VND 194 billion, all three times higher than the same period last year.

Hoang Anh Gia Lai when pigs ate bananas: The biggest profit in 3 years, 3 times the revenue in the same period - Photo 1.

From a loss of 196 billion VND from main business activities in the first quarter of 2021, Hoang Anh Gia Lai turned to a profit of 249 billion VND in the first quarter of 2022.

Profit after tax was 258 billion VND while last year’s loss was 69 billion VND. This is also the highest profit of Hoang Anh Gia Lai in more than 3 years.

Hoang Anh Gia Lai when pigs ate bananas: Reported the biggest profit in 3 years, revenue was 3 times higher than the same period - Photo 2.

As of March 31, 2022, Hoang Anh Gia Lai’s debt increased slightly compared to the beginning of the year, in which short-term debt increased by more than 400 billion VND to 2,927 billion VND and long-term debt increased by 50 billion VND to 5,824 billion VND. copper. In the first 3 months of the year, Hoang Anh Gia Lai paid 163 billion VND in interest expenses.

During the General Meeting of Shareholders in early April, Hoang Anh Gia Lai presented to shareholders a plan to offer 161.9 million individual shares at the price of 10,500 VND/share. While many shareholders fear that this issuance puts the company at risk if it encounters an inexperienced partner, elected Duc affirmed that what Hoang Anh Gia Lai needs right now is just money. “We are in need of money to invest in expansion, without consulting,” said Bau Duc.

According to Bau Duc, Hoang Anh Gia Lai, any partner or fund with money that wants to cooperate with the company will accept it and currently there are two organizations that have agreed to buy this amount of shares of Hoang Anh Gia Lai, which is Securities VPBank and Viet Cat Fund Company. With 1,700 billion dong collected from share issuance, Hoang Anh Gia Lai will use to supplement working capital for subsidiaries, invest in planting 7,000 banana trees and one million pigs. In addition, Hoang Anh Gia Lai used VND 500 billion to pay off a part of the bond principal issued on December 30, 2016.

In 2022, Hoang Anh Gia Lai sets a target of VND 4,820 billion in revenue and VND 1,120 billion in profit. Thus, the profit target has been completed by 23% while the revenue target has reached 16.6%.

https://cafebiz.vn/hoang-anh-gia-lai-thoi-heo-an-chuoi-bao-lai-lon-nhat-3-nam-doanh-thu-gap-3-lan-cung-ky- 20220503151412241.chn


Ha My

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