AsemconnectVietnam - Having just issued about VND1,300 billion of bonds in 2 months, the Industrial Development and Investment Corporation - JSC (Becamex IDC, code BCM - HOSE) has bought back a part of the bonds due in August 2025.

On September 4, Becamex IDC bought back VND400 billion of bonds code BCMH2025002 to reduce outstanding debt from VND1,200 billion to VND800 billion.
It is known that the bond code BCMH2025002 was issued on August 31, 2020, with a term of 5 years, due on August 31, 2025 and a face value of VND2,000 billion.
On the contrary, on August 14, Becamex IDC successfully issued VND300 billion worth of bonds coded BCMH2427004, with a term of 3 years, due on August 14, 2027.
Previously, on June 17, Becamex IDC successfully issued VND800 billion worth of bonds coded BCMH2427001, with a term of 3 years, due on June 17, 2027. In which, the bond interest rate is 10.5%/year.
On August 8, Becamex IDC successfully issued VND200 billion worth of bonds coded BCMH2427002, with a term of 3 years, due on August 8, 2027.
Thus, within just 2 months, Becamex IDC has mobilized about VND1,300 billion in 3-year bonds, maturing in 2027.
It is known that as of June 30, 2024, Becamex IDC is recording a total increase of 7.9% in short-term and long-term debt compared to the beginning of the year, equivalent to an increase of VND1,557.4 billion to VND21,273.8 billion and equal to 107.3% of total equity. Of which, short-term debt is VND9,323.4 billion and long-term debt is VND11,950.4 billion.
In terms of business activities, in the second quarter of 2024, Becamex IDC recorded revenue of VND1,161.85 billion, down 9.7% over the same period, profit after tax reached VND394.14 billion, up 11.48 times over the same period. In which, gross profit margin improved from 56.5% to 60.2%.
In the first half of 2024, Becamex IDC recorded revenue of VND1,973.45 billion, up 4.7% over the same period and profit after tax reached VND513.38 billion, up 950.5% over the same period.
In 2024, Becamex IDC plans to have total revenue of VND9,000 billion, up 2% over the same period and expected after-tax profit of VND2,350 billion, up 3% compared to the actual profit in 2023.
Thus, ending the first half of 2024 with a profit of only VND513.38 billion, Becamex IDC has only completed 21.8% of the annual profit plan of VND2,350 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan