AsemconnectVietnam - The company set a business plan target for 2023 with revenue of VND470 billion, profit after tax of VND150 billion.

The leader of Thai Nguyen International Hospital Joint Stock Company (code TNH) said that, with difficulties coming from the macroeconomic situation, affecting people's spending, the company set out business plan goals for 2023 with revenue of VND470 billion, profit after tax of VND150 billion. The plan is slightly higher than the actual level in 2022, which is VND463 billion in revenue and VND140.5 billion of profit after tax.
In 2023, the Company prioritizes good management of revenue and expenses to ensure a stable profit from business activities.
TNH currently operates 2 hospital facilities, with a total of 600 hospital beds and 1,300 medical services. According to TNH's data, in 2022, the company welcomes more than 400,000 patients for medical examination and treatment, over 40,000 turns of inpatients at two TNH hospitals in Thai Nguyen. Viet Yen Hospital, Bac Giang with 300 beds in operation promises will be a good source of growth for businesses.
After starting construction in early February 2023, the Company plans to complete the basic construction and purchase of machinery and equipment this year. In the first quarter of 2024, the company will conduct the recruitment of human resources, apply for an operating license and put the hospital into actual operation.
The Extraordinary General Meeting of Shareholders in October 2022 of TNH has agreed on the contents of paying the 2022 dividend in shares at the rate of 30%; issue 25.9 million shares at the price of VND20,000/share, ratio 2:1 for existing shareholders; Issuing 2.5 million ESOP shares at the price of VND10,000/share
In 2022, TNH increased 12% in revenue, but decreased 1% in pre-tax profit over the same period mainly due to global inflation leading to increased prices of drugs and medical supplies. According to estimates of SSI Securities, in 2023, TNH can achieve revenue of VND492 billion (up 6.4% over the same period) and net profit of VND152 billion (up 9% over the same period). The successful issuance of shares in 2023 will help the company reduce its debt burden, but management costs may increase and corporate income tax at the two hospitals will also increase, specifically International Hospital Thai Nguyen will increase from 5% to 10% and Yen Binh Hospital from 0% to 5%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan