AsemconnectVietnam - Fansipan Sa Pa Cable Car Tourism Service Company Limited has just announced information on its financial situation, accordingly, in 2024, the company's business is stable and ensures safe operations.

A highlight in the company's financial picture is the total assets of nearly VND10,285 billion as of December 31, 2024, an increase of about 86% over the same period last year, showing that the company's scale of operations and financial potential have increased strongly.
In addition, the company's ability to pay short-term debts and short-term financial health have also improved significantly compared to the same period in 2023 when the short-term ratio increased from 1.44 to 1.86, showing that the company has been effective in managing working capital, while being completely proactive in resources to respond to short-term financial obligations. Other payment ratios are also guaranteed: the quick payment ratio remains at 1.01; the interest payment ratio is at 1.03.
In addition, the company's financial safety indicators and capital safety ratios comply with current legal regulations.
Closing 2024, the Company recorded a profit after tax of more than VND12.75 billion, down from 2023. The reason is that the Company has expanded its business scope, focusing on medium and long-term investments, causing long-term assets and inventories to increase significantly. The company believes that these investments will help bring stable profits in the future.
Fansipan Sa Pa Cable Car Tourism Service Company Limited was established in 2013, headquartered in Sa Pa Town, Lao Cai Province, Vietnam. The company is notable for its project of Cultural Tourism Complex, Cable Car Service, Entertainment, Fansipan Sapa Hotel.
N.Nga
Source: VITIC/Tinnhanhchungkhoan