AsemconnectVietnam - Nam Tan Uyen Industrial Park JSC (code NTC - UPCoM) recorded a profit of VND64.16 billion in Q3, accumulated profit in the first 9 months of 2024 of VND195.06 billion and completed 70.1% of the yearly plan.

In Q3/2024, Nam Tan Uyen recorded revenue of VND51.24 billion, down 5.7% over the same period, profit after tax reached VND64.16 billion, down 16.4% over the same period last year. In which, gross profit margin decreased from 70.2% to 65.9%.
In the period, gross profit decreased by 11.5% over the same period, equivalent to a decrease of VND4.39 billion, to VND33.77 billion; Financial revenue decreased by 21.2%, equivalent to a decrease of VND13.06 billion, to VND48.58 billion; sales and business management expenses increased slightly by 0.7%, equivalent to an increase of VND0.06 billion, to VND8.62 billion and other activities fluctuated insignificantly.
Thus, in the third quarter, Nam Tan Uyen's profit declined, mainly due to a narrowing gross profit margin while revenue decreased, leading to a decrease in gross profit and a shortfall in financial revenue.
Accumulated in the first 9 months of 2024, Nam Tan Uyen recorded revenue of VND176.93 billion, an increase of 2.6% over the same period, profit after tax of VND195.06 billion, a decrease of 15.9% over the same period last year.
In 2024, Nam Tan Uyen plans to have total revenue of VND698.37 billion and after-tax profit of VND278.16 billion.
Thus, ending the first 9 months of 2024 with after-tax profit of VND195.06 billion, Nam Tan Uyen has completed 70.1% of the 2024 plan.
In terms of asset size, as of September 30, 2024, Nam Tan Uyen's total assets decreased slightly by 0.8% compared to the beginning of the year, equivalent to a decrease of VND35 billion, to VND4,527.7 billion. Of which, the main assets are other long-term assets recorded at VND1,773.8 billion, accounting for 39.2% of total assets; cash and long-term financial investments recorded at VND1,518.7 billion, accounting for 33.5% of total assets; Long-term financial investment recorded VND635.3 billion, accounting for 14% of total assets and other items.
Regarding the implementation of new projects, Nam Tan Uyen explained that as of September 30, 2024, the Nam Tan Uyen Industrial Park expansion project phase 2 is just implementing the initial steps of consulting, surveying, design, implementing compensation and site clearance and has been decided to allocate land in the first phase with an area of 344.33 hectares and the remaining area is proposing to allocate land in the second phase.
Nam Tan Uyen is implementing the application for a construction permit and implementing the project immediately after being granted the permit.
N.Nga
Source: VITIC/Tinnhanhchungkhoan