Vietnam Electricity Construction Joint Stock Corporation (HOSE: VNE)

VNE 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	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021	Jan 1, 2020
Revenue	886,138	1,057,691	2,132,865	1,999,013	1,299,667	1,231,904
Revenue Growth (YoY)	-20.61%	-50.41%	6.70%	53.81%	5.50%	66.08%
Cost of Revenue	797,987	898,588	1,999,789	1,904,015	1,212,062	1,133,626
Gross Profit	88,151	159,103	133,076	94,998	87,606	98,278
Selling, General & Admin	56,336	57,372	20,340	55,279	53,935	68,345
Operating Expenses	56,336	57,372	20,340	55,279	53,935	68,345
Operating Income	31,815	101,731	112,736	39,719	33,671	29,933
Interest Expense	-157,533	-123,670	-101,813	-37,195	-14,408	-13,119
Interest & Investment Income	3,433	7,610	10,158	3,647	1,063	1,461
Earnings From Equity Investments	308.76	153.38	4,880	1,882	444.74	67.7
Currency Exchange Gain (Loss)	94.78	-796.37	-6,545	1,465	30.17	-0.05
Other Non Operating Income (Expenses)	-5,492	-5,236	-4,319	130.48	-7,354	749.51
EBT Excluding Unusual Items	-127,373	-20,208	15,096	9,649	13,446	19,092
Gain (Loss) on Sale of Investments	910.48	404.41	3,590	3,059	-1,653	-3,516
Gain (Loss) on Sale of Assets	2,110	77.83	19.29	-	97.91	439.33
Other Unusual Items	-	-	-	-370.19	173.74	1,055
Pretax Income	-124,353	-19,725	18,705	12,338	12,064	17,070
Income Tax Expense	8,788	8,815	8,626	2,859	-2,382	7,407
Earnings From Continuing Operations	-133,141	-28,540	10,079	9,479	14,447	9,663
Minority Interest in Earnings	11,126	10,424	4,392	-1,530	-2,898	230.55
Net Income	-122,014	-18,116	14,472	7,949	11,549	9,894
Preferred Dividends & Other Adjustments	-	-	322.19	2,516	854.26	558.01
Net Income to Common	-122,014	-18,116	14,149	5,432	10,695	9,336
Net Income Growth	-	-	82.06%	-31.18%	16.73%	-88.28%
Shares Outstanding (Basic)	82	82	82	82	82	82
Shares Outstanding (Diluted)	82	82	82	82	82	82
Shares Change (YoY)	1.45%	0.03%	-	-	-	-
EPS (Basic)	-1485.87	-221.05	172.69	66.30	130.53	113.94
EPS (Diluted)	-1485.87	-221.05	172.69	66.00	130.53	113.94
EPS Growth	-	-	161.65%	-49.44%	14.56%	-88.64%
Free Cash Flow	-62,212	-303,228	-899,261	-312,631	-179,651	-42,559
Free Cash Flow Per Share	-757.61	-3699.93	-10975.42	-3815.64	-2192.62	-519.43
Gross Margin	9.95%	15.04%	6.24%	4.75%	6.74%	7.98%
Operating Margin	3.59%	9.62%	5.29%	1.99%	2.59%	2.43%
Profit Margin	-13.77%	-1.71%	0.66%	0.27%	0.82%	0.76%
Free Cash Flow Margin	-7.02%	-28.67%	-42.16%	-15.64%	-13.82%	-3.45%
EBITDA	93,295	161,989	186,454	69,852	45,254	41,230
EBITDA Margin	10.53%	15.32%	8.74%	3.49%	3.48%	3.35%
D&A For EBITDA	61,480	60,258	73,718	30,133	11,584	11,298
EBIT	31,815	101,731	112,736	39,719	33,671	29,933
EBIT Margin	3.59%	9.62%	5.29%	1.99%	2.59%	2.43%
Effective Tax Rate	-	-	46.12%	23.17%	-	43.39%
Revenue as Reported	886,138	1,057,691	2,132,865	1,999,013	1,299,667	1,231,904

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