Southern Basic Chemicals (CSV) reported profit up 38% in QII/2024
Tuesday, July 30,2024![](/weblocalfiles/nga/thang7nam2024/22720249039hoachat.jpeg)
AsemconnectVietnam - In the second quarter, although the average selling price of some main products decreased, sales volume increased sharply, helping CSV's profit after tax reach VND77 billion, an increase of 38%.
Southern Basic Chemicals Joint Stock Company (code CSV) has just announced its financial statements for the second quarter of 2024 with net revenue growing by 34% over the same period, reaching VND481 billion. Cost prices also increased by 30% to VND345 billion, so corporate gross profit increased by 46%, to VND135 billion.
CSV said that in the second quarter, although the average selling price of some main products decreased, consumption increased sharply such as: NaOH increased by 42%, HCl increased by 36%, liquid chlorine increased by 27%, H2SO4 increased by 38%, Javel increased 16% and PAC increased 56%...
This period, CSV's financial revenue decreased by nearly half to VND6.8 billion due to reduced deposit interest. Financial costs were also reduced by 75%, to nearly VND370 million. In addition, CSV's business management costs also decreased by 5% to VND19 billion, but selling costs increased by 32%, to VND26 billion.
As a result, CSV reported profit after tax in the second quarter of VND77 billion, an increase of 38%. The parent company brought in VND69 billion.
Cumulatively in the first half of 2024, Southern Basic Chemicals' net revenue increased by 11%, to VND832 billion, and profit after tax remained flat over the same period, reaching VND126 billion. The parent company's profit was VND116 billion, an increase of 3%.
This year, the Company sets a conservative business plan with consolidated revenue reaching VND1,640 billion and consolidated pre-tax profit reaching VND261 billion (excluding dividends from subsidiaries of VND15 billion), increasing respectively 3% and 13% compared to 2023 results.
Thus, with VND159 billion in pre-tax profit achieved in 6 months, CSV has completed nearly 61% of the year's profit plan.
As of June 30, 2024, CSV's total assets reached VND1,806.9 billion, an increase of nearly 5% compared to the beginning of the year. Of which, CSV's cash and cash equivalents increased nearly 20%, reaching VND128 billion; Short-term financial investments increased slightly to VND565 billion.
In addition, CSV's short-term receivables also increased by more than 28%, to VND302 billion; Inventory is almost flat at VND365 billion.
On the other side of the balance sheet, CSV decreased by 11.5% compared to the beginning of the year, to VND253 billion. CSV's debt/equity ratio is only 0.16.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
FPT opened its second office in Kuala Lumpur, Malaysia
SSI's pre-tax profit reached more than VND1,000 billion in QII/2024
HSC Securities reported profit up 110% in the first 6 months of 2024
Vietnam Cement Corporation (VICEM) lost up to VND863 billionD in the first 6 months of 2024
Vietcap Securities (VCI) plans to issue more than 132 million bonus shares, ratio 10:3
Long Hau (LHG) pay 19% dividend to shareholders
Tuan Loc Construction Investment divested 32.79% of capital in Sonadezi Giang Dien (SZG)
MB deploys Basel III in liquidity risk management
AIIB invested USD75 million in green bonds issued by SeABank (SSB)
ABF honored PVcomBank as "Best Digital Transformation Bank" for the third consecutive year
Saigon VRG Investment (SIP) sells off Casumina (CSM) shares before the extraordinary General Meeting of Shareholders
Southern Basic Chemicals (CSV): Stocks hit the ceiling for 5 consecutive sessions
I.P.A Investment (IPA) mobilized an additional VND735 billion in bonds
Ho Chi Minh City Infrastructure Investment (CII) increased its ownership to 54.53% of capital in Nam Bay Bay (NBB)
![](/weblocalfiles/giang/thang12nam2023/21122023164428thanhphoshaiduongl.jpg)
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
![](/weblocalfiles/huong/thang7nam2024/227202493125cats.jpg)
Association to work harder for stronger Vietnam - Canada ...
The Vietnamese - Canadian Business Association (VCBA) is set to further promote business matching between the two countries to help fuel ...Vietnam’s images introduced at summer camp in Slovakia
Khanh Hoa announces restoration of ancient Dien Khanh ...