Vietnam National Textile & Garment Group Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Dec'17

Net Sales

1,64,65,930.20

1,82,72,547.44

1,60,02,865.06

1,39,08,982.06

1,89,86,006.40

1,91,01,466.13

1,74,46,543.80

Other Operating Income

0.00

Total Operating income

1,64,65,930.20

1,82,72,547.44

1,60,02,865.06

1,39,08,982.06

1,89,86,006.40

1,91,01,466.13

1,74,46,543.80

Raw Material Cost

1,52,88,193.70

1,62,91,681.77

1,39,12,214.43

1,26,81,546.19

1,75,21,800.90

1,73,55,407.98

1,58,99,386.68

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

34,39,967.54

34,58,833.79

28,05,985.04

26,33,605.61

34,47,171.94

0.00

Power Cost

0.00

Manufacturing Expenses

3,49,154.46

3,06,364.19

2,41,497.00

3,40,252.87

5,19,441.90

4,57,300.48

3,64,782.51

Selling and Distribution Expenses

11,55,557.14

13,23,811.05

12,01,003.83

10,30,883.07

12,31,061.62

13,35,384.75

13,26,131.74

Other Expenses

-3,78,912.20

-3,76,519.80

-3,04,748.20

-2,97,385.85

-3,96,661.38

-45,730.05

-36,478.25

Total Expenditure (Excl Depreciation)

1,64,43,750.84

1,76,15,492.82

1,51,13,218.26

1,37,12,429.25

1,87,52,862.52

1,86,90,792.73

1,72,25,518.42

Operating Profit (PBDIT) excl Other Income

22179.4

657054.6000000001

889646.7999999999

196552.8

233143.9

410673.39999999997

221025.40000000002

Other Income

8,95,120.29

9,73,702.96

8,39,740.82

8,02,807.86

10,83,600.53

8,53,391.42

9,08,286.81

Operating Profit (PBDIT)

16,34,852.81

24,22,152.36

25,56,008.56

17,87,151.17

21,29,055.32

21,03,185.44

18,47,553.61

Interest

3,49,154.46

3,06,364.19

2,41,497.00

3,40,252.87

5,19,441.90

4,57,300.48

3,64,782.51

Exceptional Items

4,498.18

-70,113.68

-3,318.20

-42,512.19

-6,932.65

-5,131.25

14,030.09

Gross Profit (PBDT)

11,77,736.50

19,80,865.67

20,90,650.63

12,27,435.88

14,64,205.50

17,46,058.15

15,47,157.12

Depreciation

7,51,666.15

8,33,252.32

8,54,702.77

8,10,991.06

8,36,391.58

8,79,353.03

7,48,331.34

Profit Before Tax

5,38,530.38

12,12,422.17

14,56,490.59

5,93,395.04

7,66,289.20

7,61,400.69

7,48,469.84

Tax

1,42,646.63

1,29,354.78

1,32,577.29

32,853.85

49,162.73

58,784.64

63,296.30

Provisions and contingencies

0.00

Profit After Tax

1,44,569.93

5,66,388.24

7,84,337.08

2,84,770.46

4,76,636.18

3,70,656.52

3,85,955.51

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,44,569.93

5,66,388.24

7,84,337.08

2,84,770.46

4,76,636.18

3,70,656.52

3,85,955.51

Share in Profit of Associates

0.00

Minority Interest

2,30,356.81

4,95,722.15

5,20,766.22

2,32,885.38

1,97,604.94

2,64,519.49

2,99,218.03

Other related items

0.00

Consolidated Net Profit

3,74,926.75

10,62,110.39

13,05,103.30

5,17,655.85

6,74,241.12

6,35,176.01

6,85,173.54

Equity Capital

0.00

Face Value

10000.0

Reserves

67,12,840.09

69,39,732.44

69,43,000.69

61,92,948.89

61,86,006.40

60,96,798.03

59,87,346.58

Earnings per share (EPS)

260.81

1021.79

1414.98

513.74

858.7

667.77

695.0

Diluted Earnings per share

260.81

1021.79

1414.98

513.74

858.7

667.77

695.0

Operating Profit Margin (Excl OI)

-0.07%

3.37%

5.38%

1.25%

1.1%

1.94%

1.09%

Gross Profit Margin

7.84%

11.2%

14.44%

10.1%

8.44%

8.59%

8.58%

PAT Margin

0.88%

3.1%

4.9%

2.05%

2.51%

1.94%

2.21%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2023 is -9.89% vs 14.18% in Dec 2022

Consolidate Net Profit

YoY Growth in year ended Dec 2023 is -64.70% vs -18.62% in Dec 2022

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2023 is -48.93% vs -15.60% in Dec 2022

Interest

YoY Growth in year ended Dec 2023 is 13.97% vs 26.86% 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 Textile & Garment Group With

Select Peers

Figures in Million

Consolidate Annual Results

Change(VND)

Change(%)

Net Sales

1,64,65,930.20

38,10,451.11

1,26,55,479.09

332.13%

Other Operating Income

0.00

Total Operating income

1,64,65,930.20

38,10,451.11

1,26,55,479.09

332.13%

Raw Material Cost

1,52,88,193.70

32,02,539.78

1,20,85,653.92

377.38%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

34,39,967.54

10,30,194.88

24,09,772.66

233.91%

Power Cost

0.00

Manufacturing Expenses

3,49,154.46

24,884.41

3,24,270.05

1,303.11%

Selling and Distribution Expenses

11,55,557.14

2,95,337.19

8,60,219.95

291.27%

Other Expenses

-3,78,912.20

-1,05,507.93

-2,73,404.27

-259.13%

Total Expenditure (Excl Depreciation)

1,64,43,750.84

34,97,876.97

1,29,45,873.87

370.11%

Operating Profit (PBDIT) excl Other Income

22,179.37

312,574.14

-2,90,394.77

-92.90%

Other Income

8,95,120.29

62,738.66

8,32,381.63

1,326.74%

Operating Profit (PBDIT)

16,34,852.81

4,97,016.70

11,37,836.11

228.93%

Interest

3,49,154.46

24,884.41

3,24,270.05

1,303.11%

Exceptional Items

4,498.18

0.00

4,498.18

Gross Profit (PBDT)

11,77,736.50

6,07,911.33

5,69,825.17

93.73%

Depreciation

7,51,666.15

1,21,703.90

6,29,962.25

517.62%

Profit Before Tax

5,38,530.38

3,50,428.39

1,88,101.99

53.68%

Tax

1,42,646.63

72,359.26

70,287.37

97.14%

Provisions and contingencies

0.00

Profit After Tax

1,44,569.93

2,59,500.43

-1,14,930.50

-44.29%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,44,569.93

2,59,500.43

-1,14,930.50

-44.29%

Share in Profit of Associates

0.00

Minority Interest

2,30,356.81

2,004.84

2,28,351.97

11,390.03%

Other related items

0.00

Consolidated Net Profit

3,74,926.75

2,61,505.27

1,13,421.48

43.37%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

67,12,840.09

22,61,106.17

44,51,733.92

196.88%

Earnings per share (EPS)

260.81

2,316.13

-2,055.32

-88.74%

Diluted Earnings per share

260.81

2,316.13

-2,055.32

-88.74%

Operating Profit Margin (Excl OI)

-0.07%

8.20%

0.00

-8.27%

Gross Profit Margin

7.84%

12.39%

0.00

-4.55%

PAT Margin

0.88%

6.81%

0.00

-5.93%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 16,46,593.02 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -9.89% vs 14.18% in Dec 2022

Annual - Consolidate Net Profit

Consolidate Net Profit 37,492.67 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -64.70% vs -18.62% in Dec 2022

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 73,973.25 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -48.93% vs -15.60% in Dec 2022

Annual - Interest

Interest 34,915.45 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is 13.97% vs 26.86% in Dec 2022

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) -0.07%

in Dec 2023

Figures in %

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