(DTC) Electricity Construction Consulting Joint Stock Company 2 (Stock code TV2 – HOSE) announced its financial report for the second quarter of 2021.
Accordingly, in the second quarter of 2021, TV2 recorded a revenue of VND 1,360.6 billion, profit after tax of VND 71.5 billion, up 251.2% and 80.1% respectively over the same period last year. . In which, gross profit margin dropped sharply from 17.3% to 4.4%.
During the period, gross profit decreased by 10.8% over the same period, corresponding to a decrease of 7.2 billion dong to 59.7 billion dong; financial revenue increased by 58.7%, equivalent to 9.8 billion dong to 26.5 billion dong; selling expenses decreased by 27.2 billion dong to negative 25.6 billion dong; administrative expenses increased by 20.6%, equivalent to an increase of 5.98 billion VND to 35 billion VND; Other profit increased by 18.3 billion dong to 16.4 billion dong.
Thus, although gross profit decreased, profit after tax still increased mainly due to the reduction of selling expenses, as well as an increase in financial revenue and other profits in the period.
Accumulated in the first 6 months of 2021, the enterprise recorded revenue of 1,706.4 billion dong, profit after tax reached 100.1 billion dong, up 66.2% and 6% respectively over the same period last year.
In 2021, TV2 sets a plan with total revenue of 3,681 billion VND, profit after tax is 270 billion VND. Thus, after the first 6 months of 2021, the business completed 37.1% of the year’s profit plan.
Although the profit increased strongly, the main business cash flow in the first 6 months was negative 69.8 billion dong compared to the same period was 201.5 billion dong.
As of June 30, 2021, TV2’s total assets increased by 2.8% compared to the beginning of the year to VND 3,429.8 billion. In which, the main assets are short-term receivables reaching VND 1,586.2 billion, accounting for 46.2% of total assets; cash and short-term financial investment reached 649.2 billion dong, accounting for 18.9% of total assets; fixed assets reached 458.3 billion dong, accounting for 13.4% of total assets.
|Receivables from main customers of TV2 until June 30, 2021|
The enterprise with the largest notes receivable at present is VND 901.3 billion Ca Mau Renewable Energy Investment Joint Stock Company; VND 67 billion Gio Thanh Energy JSC; VND 61.7 billion Seco Joint Stock Company.
Closing the session on July 27, TV2 shares decreased by 1,150 dong to 43,600 dong/share.
Source: tinnhanhchungkhoan.vn – Translated by fintel.vn