Van Phu - Invest Investment JSC (HOSE: VPI)

VPI 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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,270,564	1,864,842	2,152,086	2,610,596	2,164,999	3,057,265
Revenue Growth (YoY)	-49.18%	-13.35%	-17.56%	20.58%	-29.19%	1083.77%
Cost of Revenue	912,857	565,517	985,119	1,968,679	1,481,689	2,224,106
Gross Profit	357,708	1,299,324	1,166,966	641,918	683,310	833,159
Selling, General & Admin	135,623	360,413	366,419	285,198	200,731	122,420
Operating Expenses	135,623	360,413	366,419	285,198	200,731	122,420
Operating Income	222,085	938,911	800,548	356,720	482,579	710,739
Interest Expense	-285,924	-464,642	-331,464	-114,222	-209,220	-153,611
Interest & Investment Income	15,983	110,323	100,380	67,460	88,064	60,644
Earnings From Equity Investments	49,192	31,748	14,377	20,559	7,175	16,158
Other Non Operating Income (Expenses)	225,955	2,135	21,067	8,101	1,588	16,123
EBT Excluding Unusual Items	227,291	618,474	604,907	338,618	370,187	650,053
Gain (Loss) on Sale of Investments	-	-	30,618	53,639	16,853	-
Other Unusual Items	-7,604	-	-	-	-	-
Pretax Income	219,687	618,474	635,525	392,257	387,040	650,053
Income Tax Expense	1,574	167,724	143,175	48,107	80,236	139,168
Earnings From Continuing Operations	218,113	450,750	492,350	344,150	306,804	510,885
Minority Interest in Earnings	35,559	45,475	47,341	3,982	-5,882	-4,542
Net Income	253,672	496,225	539,690	348,132	300,922	506,343
Preferred Dividends & Other Adjustments	-	-	37.58	-	-	-
Net Income to Common	253,672	496,225	539,653	348,132	300,922	506,343
Net Income Growth	-61.07%	-8.05%	55.02%	15.69%	-40.57%	20.09%
Shares Outstanding (Basic)	290	290	290	290	290	290
Shares Outstanding (Diluted)	290	290	290	290	290	290
Shares Change (YoY)	-0.02%	-	-	-0.00%	-0.00%	-0.00%
EPS (Basic)	873.53	1708.77	1858.31	1198.80	1036.23	1743.61
EPS (Diluted)	873.53	1708.77	1858.31	1198.80	1036.23	1743.61
EPS Growth	-61.06%	-8.05%	55.01%	15.69%	-40.57%	32.67%
Free Cash Flow	-1,606,055	-1,497,928	-395,149	449,469	1,405,117	-1,373,605
Free Cash Flow Per Share	-5530.52	-5158.16	-1360.71	1547.76	4838.56	-4730.05
Dividend Per Share	-	-	833.333	-	-	550.964
Dividend Growth	-	-	-	-	-	-37.50%
Gross Margin	28.15%	69.67%	54.22%	24.59%	31.56%	27.25%
Operating Margin	17.48%	50.35%	37.20%	13.66%	22.29%	23.25%
Profit Margin	19.97%	26.61%	25.08%	13.34%	13.90%	16.56%
Free Cash Flow Margin	-126.40%	-80.32%	-18.36%	17.22%	64.90%	-44.93%
EBITDA	263,328	986,732	839,496	376,887	504,869	723,250
EBITDA Margin	20.73%	52.91%	39.01%	14.44%	23.32%	23.66%
D&A For EBITDA	41,243	47,821	38,949	20,167	22,289	12,511
EBIT	222,085	938,911	800,548	356,720	482,579	710,739
EBIT Margin	17.48%	50.35%	37.20%	13.66%	22.29%	23.25%
Effective Tax Rate	0.72%	27.12%	22.53%	12.26%	20.73%	21.41%
Revenue as Reported	1,270,564	1,864,842	2,152,086	2,610,596	2,164,999	3,057,265
Advertising Expenses	-	2,273	24,378	18,060	-	-

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