According to Seedcom JSC’s periodic disclosure of financial status to the Hanoi Stock Exchange, in 2021, the company recorded an after-tax loss of more than 238 billion dong, along with a loss of nearly 193 billion dong last year. Thus, in the 2 years affected by the Covid-19 epidemic, Seedcom lost VND 431 billion.
The company’s equity also decreased to only 21.3 billion dong, equal to 5.5% at the beginning of the year. The company’s debt/equity ratio is high at 69.5. This means that Seedcom’s debt is about VND 1480 billion.
Seedcom’s business results in 2 years 2020 – 2021
Seedcom is a member of the ecosystem of Ficus Asia Investment Fund (Ficus), based in Singapore, founded by Mr. Dinh Anh Huan – who is known as one of the 5 co-founders of Mobile World Joint Stock Company. code CK:MWG).
In 2014, The Gioi Di Dong was officially listed on the stock exchange, Mr. Dinh Anh Huan sold all the shares held by MWG (supposedly to have earned about VND 700 billion) and founded Seedcom.
Currently, Seedcom is focusing on the technology, retail, service and manufacturing sectors. On Seedcom’s website, the company currently controls many companies, owning famous brands including: The Coffee House, Cau Dat Farm, Juno, Hnoss, King Food, Haravan, Scommerce (Fast Delivery + Ahamove) , New Retail CPG.
Through observation, it can be seen that due to owning many retail brands from food, coffee to fashion, the Covid-19 epidemic has had a heavy impact on Seedcom, as a result the company has lost 2 consecutive years.
In 2020, the Ficus fund received a $50 million investment from eWTP Capital backed by Alibaba through the fund’s organization in Singapore, the Redefine Capital Fund. Since then, eWTP Capital has poured another $10 million into Ficus, according to a report by DeakStreetAsia.
Also in 2020, Seedcom acquired additional shares of The Coffee House, Juno and Haravan.
On December 31, 2021, Seedcom issued 2,000 individual bonds with par value of VND 100 million/bond, term of 24 months. After completing the issuance, Seedcom earned a total of VND 200 billion.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here