AsemconnectVietnam - With an accumulated loss of VND3,267.78 billion, Truong Thanh Wood Industry Group Joint Stock Company (code TTF - HOSE floor) continues to be granted a credit extension by the bank.

Truong Thanh Wood approved the policy of re-accepting credit at Viet A Commercial Joint Stock Bank - Ho Chi Minh City Branch (VietABank) with a maximum loan amount of VND360 billion, loan term of 12 months.
In which, the purpose of the loan is to supplement working capital and compensate for working capital.
It is known that at September 30, 2024, Truong Thanh Wood has a total outstanding loan balance of up to VND486.08 billion, equal to 219% of equity. In which, short-term debt is VND483.22 billion and long-term debt is VND2.86 billion.
Notably, in the total debt, Truong Thanh Wood has an explanation of outstanding debt of VND354.55 billion at Viet A Commercial Joint Stock Bank - Ho Chi Minh City Branch, the loan repayment date is November 30, 2024.
In terms of business activities, in the 9 months from the beginning of 2024, Truong Thanh Wood recorded revenue of VND935.48 billion, down 15.2% over the same period, the parent company's after-tax profit continued to be negative VND26.62 billion compared to the same period, negative VND42.74 billion. In which, the gross profit margin increased from 14% to 14.3%.
It is known that in 2024, Truong Thanh Wood plans to have revenue of VND2,012 billion, and the parent company's after-tax profit of VND57 billion.
Thus, after 9 months from the beginning of 2024, with the parent company's after-tax profit recording a loss of VND26.62 billion, Truong Thanh Wood is still far from the profit plan of VND57 billion in 2024.
In addition, with a continued loss of VND26.62 billion in the 9 months from the beginning of 2024, as of September 30, 2024, Truong Thanh Wood has increased its total accumulated loss to VND3,267.78 billion and equal to 79.5% of charter capital (charter capital of VND4,111.98 billion).
N.Nga
Source: VITIC/Tinnhanhchungkhoan