Vietnam National Shipping Lines Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'23

Dec'22

Dec'21

Dec'19

Dec'18

Dec'17

Net Sales

1,28,15,019.47

1,43,42,998.97

1,32,66,757.30

1,10,68,940.64

1,23,67,790.70

1,35,60,894.38

Other Operating Income

0.00

Total Operating income

1,28,15,019.47

1,43,42,998.97

1,32,66,757.30

1,10,68,940.64

1,23,67,790.70

1,35,60,894.38

Raw Material Cost

1,04,50,285.89

1,04,08,693.33

96,76,828.48

93,40,006.23

1,09,91,967.01

1,27,91,073.22

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

25,43,469.91

25,02,868.20

24,91,476.18

0.00

Power Cost

0.00

Manufacturing Expenses

2,02,740.74

3,77,194.30

5,03,191.86

6,10,979.48

7,25,220.63

8,47,260.57

Selling and Distribution Expenses

11,10,431.46

13,81,978.94

10,98,622.05

9,75,371.60

9,94,691.43

9,52,007.98

Other Expenses

-2,74,621.06

-2,88,006.25

-2,99,466.80

-61,097.95

-72,522.06

-84,726.06

Total Expenditure (Excl Depreciation)

1,15,60,717.36

1,17,90,672.27

1,07,75,450.53

1,03,15,377.83

1,19,86,658.44

1,37,43,081.20

Operating Profit (PBDIT) excl Other Income

1254302.1

2552326.7

2491306.8

753562.8

381132.30000000005

-182186.8

Other Income

9,20,159.41

7,81,322.84

14,44,148.37

-71,443.19

2,53,676.55

9,01,923.82

Operating Profit (PBDIT)

34,56,710.83

45,91,148.48

52,62,013.16

23,96,481.63

26,33,097.19

30,68,638.90

Interest

2,02,740.74

3,77,194.30

5,03,191.86

6,10,979.48

7,25,220.63

8,47,260.57

Exceptional Items

1,89,124.02

1,54,937.58

2,07,756.00

6,34,071.00

6,37,774.04

10,66,412.97

Gross Profit (PBDT)

23,64,733.58

39,34,305.64

35,89,928.82

17,28,934.41

13,75,823.69

7,69,821.16

Depreciation

13,17,079.96

13,13,561.44

13,26,558.01

17,32,366.60

20,14,531.25

23,62,269.72

Profit Before Tax

21,26,014.15

30,55,330.33

36,40,019.29

6,87,206.54

5,31,119.35

9,25,521.58

Tax

4,24,195.01

5,14,852.53

4,51,052.45

2,68,062.41

2,54,878.78

2,21,131.91

Provisions and contingencies

0.00

Profit After Tax

11,62,313.20

18,34,849.77

21,91,447.23

82,133.56

39,916.21

4,44,488.22

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

11,62,313.20

18,34,849.77

21,91,447.23

82,133.56

39,916.21

4,44,488.22

Share in Profit of Associates

0.00

Minority Interest

5,39,505.94

7,05,628.03

9,97,519.61

3,37,010.57

2,36,324.36

2,59,901.45

Other related items

0.00

Consolidated Net Profit

17,01,819.14

25,40,477.80

31,88,966.84

4,19,144.14

2,76,240.57

7,04,389.67

Equity Capital

0.00

Face Value

10000.0

0.0

Reserves

1,07,97,153.57

98,15,975.17

76,07,465.51

68,80,782.16

63,35,234.83

54,75,284.54

Earnings per share (EPS)

968.12

1528.29

1825.31

70.47

34.25

0.0

Diluted Earnings per share

968.12

1528.29

1825.31

70.47

34.25

0.0

Operating Profit Margin (Excl OI)

9.52%

17.4%

18.78%

6.65%

2.95%

-1.44%

Gross Profit Margin

26.87%

30.46%

37.44%

21.86%

20.58%

24.24%

PAT Margin

9.07%

12.79%

16.52%

0.74%

0.32%

3.28%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2023 is -10.65% vs 8.11% in Dec 2022

Consolidate Net Profit

YoY Growth in year ended Dec 2023 is -33.01% vs -20.34% in Dec 2022

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2023 is -33.42% vs -0.21% in Dec 2022

Interest

YoY Growth in year ended Dec 2023 is -46.25% vs -25.04% in Dec 2022

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2023 has fallen from Dec 2022

Compare Annual Results Of Vietnam National Shipping Lines With

Select Peers

Figures in Million

Consolidate Annual Results

Change(VND)

Change(%)

Net Sales

1,28,15,019.47

Other Operating Income

0.00

Total Operating income

1,28,15,019.47

Raw Material Cost

1,04,50,285.89

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

25,43,469.91

Power Cost

0.00

Manufacturing Expenses

2,02,740.74

Selling and Distribution Expenses

11,10,431.46

Other Expenses

-2,74,621.06

0.00

-2,74,621.06

Total Expenditure (Excl Depreciation)

1,15,60,717.36

Operating Profit (PBDIT) excl Other Income

12,54,302.11

0.00

12,54,302.11

Other Income

9,20,159.41

Operating Profit (PBDIT)

34,56,710.83

Interest

2,02,740.74

Exceptional Items

1,89,124.02

Gross Profit (PBDT)

23,64,733.58

Depreciation

13,17,079.96

Profit Before Tax

21,26,014.15

Tax

4,24,195.01

Provisions and contingencies

0.00

Profit After Tax

11,62,313.20

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

11,62,313.20

Share in Profit of Associates

0.00

Minority Interest

5,39,505.94

Other related items

0.00

Consolidated Net Profit

17,01,819.14

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

1,07,97,153.57

Earnings per share (EPS)

968.12

Diluted Earnings per share

968.12

Operating Profit Margin (Excl OI)

9.52%

0.00

9.52%

Gross Profit Margin

26.87%

0.00

26.87%

PAT Margin

9.07%

0.00

9.07%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 12,81,501.95 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -10.65% vs 8.11% in Dec 2022

Annual - Consolidate Net Profit

Consolidate Net Profit 1,70,181.91 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -33.01% vs -20.34% in Dec 2022

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 2,53,655.14 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -33.42% vs -0.21% in Dec 2022

Annual - Interest

Interest 20,274.07 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -46.25% vs -25.04% in Dec 2022

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 9.52%

in Dec 2023

Figures in %

YoY Growth in year ended Dec 2023 has fallen from Dec 2022