Vietnam Germany Steel Pipe JSC (HNX: VGS)

HNX: VGS Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,630,993	7,555,693	8,483,237	6,683,587	6,669,720	6,836,496
Revenue Growth (YoY)	-3.94%	-10.93%	26.93%	0.21%	-2.44%	-1.21%
Cost of Revenue	7,446,915	7,364,782	8,289,647	6,420,457	6,408,993	6,611,058
Gross Profit	184,078	190,911	193,591	263,130	260,727	225,439
Selling, General & Admin	88,065	85,212	75,650	101,694	114,384	105,161
Operating Expenses	88,065	85,212	75,650	101,694	114,384	105,161
Operating Income	96,013	105,699	117,941	161,436	146,342	120,278
Interest Expense	-26,699	-36,166	-35,856	-26,038	-30,325	-41,572
Interest & Investment Income	111.64	61,137	1,052	809.19	155.04	1,190
Earnings From Equity Investments	5,222	-59,165	33,373	20,297	8,655	10,691
Other Non Operating Income (Expenses)	250.38	786.1	330.88	-41.03	-365.24	179.59
EBT Excluding Unusual Items	74,898	72,290	116,841	156,464	124,462	90,767
Pretax Income	74,898	72,290	116,841	156,464	124,462	90,767
Income Tax Expense	14,030	14,213	16,716	27,630	21,584	15,612
Earnings From Continuing Operations	60,868	58,078	100,125	128,834	102,878	75,154
Minority Interest in Earnings	-9	-10.89	-15.05	-31.1	-17.66	-10.02
Net Income	60,859	58,067	100,110	128,803	102,860	75,144
Net Income to Common	60,859	58,067	100,110	128,803	102,860	75,144
Net Income Growth	-46.58%	-42.00%	-22.28%	25.22%	36.88%	69.54%
Shares Outstanding (Basic)	56	56	56	56	62	56
Shares Outstanding (Diluted)	56	56	56	56	62	56
Shares Change (YoY)	0.08%	-0.01%	0.03%	-9.16%	10.05%	0.04%
EPS (Basic)	1087.49	1038.10	1789.52	2303.03	1670.62	1343.12
EPS (Diluted)	1087.49	1038.10	1789.52	2303.03	1670.62	1343.12
EPS Growth	-46.62%	-41.99%	-22.30%	37.85%	24.38%	69.47%
Free Cash Flow	-43,096	-320,662	8,736	-45,524	294,948	-200,103
Free Cash Flow Per Share	-770.09	-5732.68	156.17	-813.98	4790.43	-3576.61
Dividend Per Share	-	-	-	-	752.870	-
Gross Margin	2.41%	2.53%	2.28%	3.94%	3.91%	3.30%
Operating Margin	1.26%	1.40%	1.39%	2.42%	2.19%	1.76%
Profit Margin	0.80%	0.77%	1.18%	1.93%	1.54%	1.10%
Free Cash Flow Margin	-0.56%	-4.24%	0.10%	-0.68%	4.42%	-2.93%
EBITDA	109,845	120,258	132,737	177,508	168,070	140,436
EBITDA Margin	1.44%	1.59%	1.56%	2.66%	2.52%	2.05%
D&A For EBITDA	13,832	14,559	14,796	16,072	21,727	20,158
EBIT	96,013	105,699	117,941	161,436	146,342	120,278
EBIT Margin	1.26%	1.40%	1.39%	2.42%	2.19%	1.76%
Effective Tax Rate	18.73%	19.66%	14.31%	17.66%	17.34%	17.20%
Revenue as Reported	7,630,993	7,555,693	8,483,237	6,683,587	6,669,720	6,836,496

Source: S&P Capital IQ. Standard template. Financial Sources.