AsemconnectVietnam - After a year of decline, Licogi 14 JSC (code L14 - HNX) continues to set a plan to go backwards in 2023.

In 2023, Licogi 14 targets a total revenue of VND195 billion, up 4.9% over the same period and profit before tax at VND25 billion, down 21% compared to 2022. In which, revenue estimated VND50 billion in real estate, VND5 billion in financial revenue and VND140 billion in construction & other revenue.
For the key project of Nam Minh Phuong New Urban Area, in 2022, the Company will continue to make drastic efforts on the ongoing work, research solutions, find all sources of credit loans, issue capital increases. Charter when favorable conditions are submitted to the Annual General Meeting of Shareholders in 2023, mobilizing other lawful capital sources to assist in compensation and site clearance work.
For financial activities, if the stock market has a good time or opportunity, a reasonable part can be considered for short-term investment to bring economic benefits to the Company.
Regarding dividend policy, the Company expects that the dividend in 2022 is only 5% compared to the plan at the beginning of the year of 10%. In addition, the Company continues to maintain a dividend of 5% in 2023.
Notably, Licogi 14 also sets a business plan for the period of 2023-2028. However, there are inconsistencies compared with the plan in 2023. In which, in the separate plan for 2023, the Company sets a total revenue of VND195 billion, profit before tax of VND25 billion and profit after tax of VND20 billion.
However, in the 2023-2028 plan, in 2023 plan, the total revenue is VND195 billion, profit before tax is VND31 billion and profit after tax is VND25 billion.
At the end of 2022, Licogi 14 recorded revenue of VND173.46 billion, up 33.4% over the same period last year and profit after tax recorded at VND18.99 billion, down 62.3% over the same period last year.
It is known that in 2022, Licogi 14 plans to total revenue of VND569 billion, profit after tax of VND254 billion. Thus, at the end of 2022 with a profit of only VND18.99 billion, the Company did not complete the annual plan and only achieved 7.5% of the year plan.
In terms of cash flow, in 2022, Licogi 14's main business cash flow recorded negative VND69.4 billion compared to the same period and recorded a positive VND29.4 billion. In addition, investment cash flow was positive VND160.5 billion and financial cash flow was negative VND4.4 billion.
As of December 31, 2022, total assets of Licogi 14 decreased by 1.2% compared to the beginning of the year to VND566.8 billion. In which, assets mainly cash and short-term financial investment recorded VND227.5 billion, accounting for 40.1% of total assets; inventory recorded at VND166.5 billion, accounting for 29.4% of total assets; long-term financial investment recorded VND56.1 billion, accounting for 9.9% of total assets.
N.Nga
Source: VITIC/Tinnhanhchungkhoan