AsemconnectVietnam - Ho Chi Minh City Infrastructure Investment JSC (code CII - HOSE) recorded a profit of VND99.83 billion in Q4, with a cumulative profit of VND638.8 billion in 2024, up 72.7% year-on-year.

In Q4/2024, Ho Chi Minh City Infrastructure Investment recorded revenue of VND756.65 billion, down 1.3% year-on-year, and after-tax profit of VND99.83 billion, down 35.9% year-on-year. In particular, gross profit margin decreased slightly from 53.8% to 51.4%.
In the period, gross profit decreased by 5.5% year-on-year, equivalent to a decrease of VND22.82 billion, to VND389.2 billion; Financial revenue decreased by 67.3% over the same period, equivalent to a decrease of VND386.5 billion to VND187.8 billion; financial expenses decreased by 27%, equivalent to a decrease of VND132.2 billion to VND357.8 billion; sales and business management expenses decreased by 31.5%, equivalent to a decrease of VND77.17 billion to VND167.73 billion.
Thus, in the last quarter of 2024, although Ho Chi Minh City Technical Infrastructure Investment reduced financial, sales and business management expenses, profit after tax still decreased, mainly due to a shortfall in financial revenue.
Explaining the decrease in financial operating profit, Ho Chi Minh City Technical Infrastructure Investment said that it was due to a large profit on the transfer of financial investments recorded in the fourth quarter of 2023.
Accumulated in 2024, Ho Chi Minh City Infrastructure Investment recorded revenue of VND3,040.6 billion, down 1.6% year-on-year, profit after tax reached VND638.8 billion, up 72.7% year-on-year.
In addition, in terms of cash flow, in 2024, Ho Chi Minh City Infrastructure Investment's main business cash flow was positive again at VND447.57 billion compared to the same period of negative VND1,140.8 billion. In addition, investment cash flow recorded a negative VND2,012.9 billion and financial cash flow was positive at VND1,718.3 billion.
As of December 31, 2024, Ho Chi Minh City Infrastructure Investment's total assets increased by 1.5% compared to the beginning of the year, equivalent to an increase of VND513.2 billion, to VND33,697.3 billion. Of which, the main assets are fixed assets recorded at VND16,263.3 billion, accounting for 48.3% of total assets; other long-term assets recorded at VND5,326.7 billion, accounting for 15.8% of total assets; short-term receivables recorded at VND3,773.5 billion, accounting for 11.2% of total assets; cash and short-term financial investments recorded at VND2,360.4 billion, accounting for 7% of total assets.
N.Nga
Source: VITIC/Tinnhanhchungkhoan