Big man CEO Group has big profit but negative cash flow

CEO Group Joint Stock Company (CEO Group, code stock CEO) has just announced the consolidated business results for the first quarter of 2022 with net revenue of more than VND 292.8 billion, thereby turning losses into profit.

Big man CEO Group has big profit but negative cash flow - 1

Profit after tax turns loss into profit, but business cash flow is still negative.

In which, revenue comes from business real estate reached nearly 219 billion dong, up 207% over the same period. Revenue from service provision increased slightly, reaching nearly 74 billion VND.

The CEO’s gross profit in the period reached nearly 95 billion dong, a sharp increase over the same period thanks to the low increase in cost of goods. Excluding costs of selling, corporate management, loan interest… CEO Group consolidated profit after tax of 25.6 billion dong, the parent company’s net profit was more than 35 billion dong, while the same period lost 38 billion dong and 18 billion dong. , 5 billion dong.

Notably, although revenue and profit increased, CEO Group’s business cash flow was still negative by nearly 57 billion dong.

Still according to the report, CEO Group currently has more than 3,518 billion dong of liabilities, of which short-term debt is more than 2,203 billion dong, and long-term debt is more than 1,314 billion dong. In the first 3 months of the year, the enterprise paid 31.1 billion dong of loan interest. Banks that are creditors of CEO Group include BIDV, VietinBank Thanh An branch.

CEO Group currently has an asset scale of more than 7,077 billion VND, with an equity of more than 3,558 billion VND. At the time of reporting, CEO Group has more than 123 billion in cash. Short-term receivables increased 14% to 968.7 billion dong. Inventories decreased slightly to more than 592 billion dong.

In the market, CEO’s share price is trading at 33,300 VND/share, down 8.77% compared to the previous session. From January 1 to May 8, CEO Group shares decreased by 53%, equivalent to VND37,600 per share “evaporating”.

Closing session of the weekend, VN-Index down 31.42 points and at 1,329.26 points. The whole floor had 59 gainers, 394 losers and 29 standstill stocks.

HNX-Index down 15.29 points to 343.46 points. There were 38 gainers, 195 decliners and 34 standstill stocks on the whole floor.

UPCoM-Index dropped 1.94 points to 101.88 points.

Market liquidity is still very low. The total matched value reached 16,724 billion dong, up 2% compared to the previous session, of which, the matched value on HoSE alone increased by 2.5% to 14,792 billion dong.

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