AsemconnectVietnam - Signo Land JSC has just announced periodic information on its financial situation in the first half of 2024 with an accumulated loss of nearly VND397 billion, and negative equity of nearly VND147 billion.

In the first half of the year, Signo Land recorded a loss after tax of nearly VND72 billion, down more than half compared to the loss of VND167 billion in the same period last year.
In terms of profitability, the company's ROA was negative 6.76%; ROE was positive 48.87% (profit after tax and equity were both negative).
By the end of the second quarter, the company's debt was VND1,209.3 billion, of which debt from private bond issuance alone was VND1,049 billion, accounting for nearly 87% of total debt. The ratio of outstanding debt of privately issued bonds/equity is negative 7.14.
Regarding bonds, Signo Land issued a bond lot with code SNLCH2123001, worth VND1,367 billion on December 31, 2021, maturing on June 30, 2023. The enterprise then bought back VND305 billion before maturity, so the remaining bond debt is more than VND1,000 billion. By mid-2023, the Company agreed with bondholders to increase the term of the bond lot from 18 to 33 months, which will mature on September 30, 2024.
Regarding capital structure, the ratio of payables/total assets of the enterprise is at 1.14; payables/equity is negative 8.23.
Signo Land Joint Stock Company, formerly 216 Real Estate Investment Trading Company Limited (Real Estate 216), was established in 2015 with an initial charter capital of VND20 billion. In November 2019, the enterprise switched to a joint stock company model with a new name, 216 Investment Joint Stock Company, and increased its charter capital to VND60 billion. On December 24, 2021, 216 Investment Joint Stock Company changed its name to Signo Land Joint Stock Company.
N.Nga
Source: VITIC/Tinnhanhchungkhoan