AsemconnectVietnam - Cienco 4 Group Corporation (code C4G - UPCoM) has just announced its consolidated financial statements for the third quarter and the first 9 months of 2024.

In Q3/2024, Cienco 4 brought in VND789.8 billion in net revenue, up 11% over the same period last year. Thanks to the cost of goods sold increasing by only 8%, to VND683.8 billion, the company's gross profit reached VND106 billion, up 35%.
This period, Cienco 4's financial revenue decreased by 28%, down to VND22.1 billion. However, expenses were also sharply reduced, including financial expenses down 25%, to VND46.6 billion; Selling expenses decreased by 31% to VND422 million and business management expenses decreased by 17% to VND15.3 billion.
As a result, Cienco 4's after-tax profit was nearly VND55.2 billion, an increase of 93% over the same period last year. The parent company alone reached VND55.3 billion.
Accumulated in the first 9 months of 2024, Cienco 4 achieved VND2,216.3 billion in net revenue, an increase of 24%. Of which, construction contract revenue reached VND1,890 billion; service revenue reached VND 290.4 billion; the remaining service revenue, other revenue... C4G's after-tax profit for the first 9 months reached VND154.9 billion. The parent company's after-tax profit reached VND156 billion.
In 2024, the Company plans to do business with revenue of VND4,500 billion and after-tax profit of VND250 billion. Thus, after 9 months, Cienco 4 has completed 62% of the annual profit target.
By the end of the third quarter, Cienco 4's total assets decreased slightly compared to the beginning of the year, down to VND9,518 billion. Of which, the company's cash and cash equivalents reached nearly VND497 billion, down 30%; short-term receivables increased slightly to nearly VND4,008 billion; inventories also increased by 13%, up to nearly VND897 billion, mainly unfinished production and business costs of nearly VND879 billion.
On the other hand, C4G still has VND5,620 billion in payables, down 4% compared to the beginning of the year. C4G's short-term and long-term financial debts are VND947.4 billion and VND1,967.4 billion, respectively.
N.Nga
Source: VITIC/Tinnhanhchungkhoan