AsemconnectVietnam - Continuously reporting losses, Vua Nem Joint Stock Company only has VND14.21 billion in equity left, and also reduced its bond balance to VND0 in the first 6 months of 2024.

Vua Nem has just announced its 2024 Semi-Annual Financial Report. In which, the Company continued to lose VND12.87 billion compared to the same period of VND78.25 billion.
It is known that, according to data from the reporter of the Securities Investment Newspaper, Vua Nem recorded a profit of VND5.2 billion in 2021, a loss of VND54.6 billion in 2022 and a continued loss of VND78.25 billion in 2023.
With continued losses in the first half of 2024, as of June 30, 2024, Vua Nem only recorded equity of VND14.21 billion, down 47.5% compared to the beginning of the year, equivalent to a decrease of VND12.87 billion.
It is worth noting that as of June 30, 2024, the bond debt to equity ratio was 0 times, corresponding to a reduction in bond debt from VND102.9 billion to VND0; In addition, the debt to equity ratio is 20.9 times, corresponding to a recorded debt of VND297.06 billion (VND314.2 billion at the beginning of the period).
According to research, Vua Nem Joint Stock Company is located on the 7th floor, Nhat An building, 30D Kim Ma Thuong street, Cong Vi ward, Ba Dinh district, Hanoi city; the General Director and legal representative is Mr. Hoang Tuan Anh; operating in the field of retailing carpets, mattresses, blankets, curtains, wall and floor coverings in specialized stores; and started operating from August 18, 2017 (according to the tax authority).
In addition, on the website of the Mekong Capital investment fund, this unit said that Vua Nem was established in 2007 by two businessmen, Hoang Tuan Anh and Nguyen Vu Nghia. In particular, after many years of operation, Vua Nem has developed from a small store on Xa Dan Street (Hanoi) to become the leading brand in Vietnam in the field of distribution and retail of mattresses and bedding with 149 stores in 24 provinces and cities nationwide.
In particular, in 2018, Mekong Enterprise Fund III officially invested and became a strategic investor in Vua Nem Joint Stock Company.
N.Nga
Source: VITIC/Tinnhanhchungkhoan