Vinh Hoan Corporation (HOSE:VHC)

Vinh Hoan Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	12,535,149	10,033,016	13,230,800	9,054,249	7,037,180
Revenue Growth (YoY)	24.94%	-24.17%	46.13%	28.66%	-10.55%
Cost of Revenue	10,644,026	8,540,192	10,254,865	7,298,429	6,022,406
Gross Profit	1,891,123	1,492,825	2,975,935	1,755,820	1,014,774
Selling, General & Admin	638,508	523,950	721,487	556,616	319,335
Operating Expenses	638,508	523,950	721,487	556,616	319,335
Operating Income	1,252,615	968,875	2,254,448	1,199,204	695,439
Interest Expense	-73,331	-133,347	-97,121	-34,702	-38,408
Interest & Investment Income	2,680	118,391	82,682	68,854	99,243
Earnings From Equity Investments	2,239	800.69	222.52	-437.57	-285.12
Currency Exchange Gain (Loss)	238,736	114,879	151,920	13,906	14,672
Other Non Operating Income (Expenses)	74,862	44,525	28,138	-3,797	-15,622
EBT Excluding Unusual Items	1,497,802	1,114,123	2,420,290	1,243,026	755,038
Gain (Loss) on Sale of Investments	-1,328	31,957	-85,646	36,528	48,232
Gain (Loss) on Sale of Assets	-	-1,052	-11,726	-	-
Pretax Income	1,496,474	1,145,028	2,322,918	1,279,555	803,270
Income Tax Expense	185,722	171,271	309,998	173,001	83,972
Earnings From Continuing Operations	1,310,752	973,757	2,012,920	1,106,554	719,299
Minority Interest in Earnings	-77,058	-54,566	-37,688	-7,595	9.6
Net Income	1,233,694	919,191	1,975,232	1,098,959	719,308
Preferred Dividends & Other Adjustments	-	-	130,762	20,000	-
Net Income to Common	1,233,694	919,191	1,844,471	1,078,959	719,308
Net Income Growth	34.22%	-53.46%	79.74%	52.78%	-39.00%
Shares Outstanding (Basic)	224	221	221	219	218
Shares Outstanding (Diluted)	224	221	221	219	218
Shares Change (YoY)	1.52%	-	0.61%	0.46%	-1.43%
EPS (Basic)	5506.50	4165.05	8357.69	4918.92	3294.51
EPS (Diluted)	5506.50	4165.00	8357.50	4918.92	3294.17
EPS Growth	32.21%	-50.16%	69.91%	49.32%	-34.86%
Free Cash Flow	1,407,891	-129,953	472,842	-256,079	-162,479
Free Cash Flow Per Share	6284.01	-588.84	2142.55	-1167.45	-744.17
Dividend Per Share	-	1666.667	1666.667	1666.667	-
Gross Margin	15.09%	14.88%	22.49%	19.39%	14.42%
Operating Margin	9.99%	9.66%	17.04%	13.24%	9.88%
Profit Margin	9.84%	9.16%	13.94%	11.92%	10.22%
Free Cash Flow Margin	11.23%	-1.30%	3.57%	-2.83%	-2.31%
EBITDA	1,706,313	1,369,392	2,581,380	1,484,196	898,118
EBITDA Margin	13.61%	13.65%	19.51%	16.39%	12.76%
D&A For EBITDA	453,698	400,517	326,932	284,992	202,679
EBIT	1,252,615	968,875	2,254,448	1,199,204	695,439
EBIT Margin	9.99%	9.66%	17.04%	13.24%	9.88%
Effective Tax Rate	12.41%	14.96%	13.35%	13.52%	10.45%
Revenue as Reported	12,535,149	10,033,016	13,230,800	9,054,249	7,037,180
Advertising Expenses	-	-	-	-	12,801

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