AsemconnectVietnam - TDG Global Investment Joint Stock Company (stock code TDG - HOSE) has just announced the audited financial statements for the second quarter and the first 6 months of 2023.

In the second quarter, the enterprise recorded net revenue of VND249.3 billion, down 3% compared to the same period last year. COGS also decreased to VND232.8 billion, so corporate gross profit decreased by 10% to VND16.5 billion.
This period, corporate finance revenue decreased by 68% to just over VND500 million, while financial expenses increased by 35% to VND7.5 billion. Although selling expenses were no longer recorded, general and administrative expenses increased to VND8.2 billion, 9 times higher than the same period last year.
As a result, TDG's profit after tax was only VND750 million, down 83% compared to the second quarter of 2022.
In the first 6 months of the year, TDG recorded VND433 billion in net revenue and VND1.7 billion in profit after tax, down 16% and 80% respectively over the same period in 2022.
At the 2023 Annual General Meeting of Shareholders, the business approved the business plan with net revenue of VND1,435 billion and profit after tax of VND12.39 billion. Thus, at the end of the first half of the year, TDG only completed 30% of the revenue target and 13.7% of the year's profit target.
By the end of the second quarter of 2023, total enterprise assets reached VND547 billion, down 5% compared to the beginning of the year. In which, TDG has nearly VND11 billion in cash and VND42.3 billion in short-term financial investment. Besides, short-term receivables were VND162 billion, down by nearly 14% and inventory increased slightly to VND148 billion.
On the other side of the balance sheet, TDG still has VND320 billion of liabilities, down 9% from the beginning of the year; Short-term and long-term loans of enterprises were VND260 billion and VND44.6 billion respectively.
TDG Global Investment Joint Stock Company, originally called Thai Duong Petroleum Joint Stock Company, was established in 2005, main activities in the field of production, filling and filling of gas cylinders; purchase and sale of liquefied petroleum gas (LPG); buying and selling cylinders, gas tanks... By 2021, the Company will change its name and add a number of business lines including renewable electricity, animal husbandry, perennial tree planting, afforestation, etc.
N.Nga
Source: VITIC/Tinnhanhchungkhoan