The good improvement m88 nhà cái hàng đầu châu á gross profit margin from 15.38% m88 nhà cái hàng đầu châu á the first 9 months of 2018 to 18.38% m88 nhà cái hàng đầu châu á the first 9 months of 2019, which helped Gelex get a high source of gross profit.

Vietnam Electrical Equipment Joint Stock Corporation (Gelex-Ticker Symbol: GEX) had announced its consolidated financial statements for the third quarter of 2019.

Gross profit margin grew thanks to investment m88 nhà cái hàng đầu châu á technology improvement

Gelex’s financial statements showed that net revenue the third quarter reached more than VND 3,900 billion, a slight increase of 2% over the same period. m88 nhà cái hàng đầu châu á 9 months, Gelex achieved more than VND 11 trillion m88 nhà cái hàng đầu châu á revenue, up by 9.5%.

All segments and most of the member units m88 nhà cái hàng đầu châu á GELEX had growth m88 nhà cái hàng đầu châu á revenue and gross profit m88 nhà cái hàng đầu châu á the third quarter. Regarding revenue, although the growth was not high, the gross profit m88 nhà cái hàng đầu châu á the third quarter of 2019 reached VND 736.6 billion, up surprisingly nearly 17% and 9 months reached VND 2,023 billion, up by 31% over the same period m88 nhà cái hàng đầu châu á 2018. The good improvement m88 nhà cái hàng đầu châu á gross profit margin from 15.38% m88 nhà cái hàng đầu châu á the first 9 months of 2018 to 18.38% m88 nhà cái hàng đầu châu á the first 9 months of 2019, which helped Gelex get a high source of gross profit.

The improved gross profit as above came from the effort of Gelex’s member units m88 nhà cái hàng đầu châu á equipment investment, technology improvement and production optimization along with raw materials saving, which gradually increased gross profit margin.

Electrical equipment has been still a key business segment

Another notable highlight m88 nhà cái hàng đầu châu á Gelex’s Q3/2019 financial statements was the significant improvement m88 nhà cái hàng đầu châu á the gross profit of the electrical equipment segment.

Financial statements showed that, m88 nhà cái hàng đầu châu á the third quarter of 2019, the electrical equipment segment brought Gelex VND 3,215 billion m88 nhà cái hàng đầu châu á net revenue out of a total of VND 3,902 billion m88 nhà cái hàng đầu châu á the third quarter, accounting for 82% of total revenue. Gross profit from the electrical equipment segment also reached VND 535.6 billion out of a total of VND 737 billion, accounting for 73% of the total.

m88 nhà cái hàng đầu châu á the electrical equipment segment, Gelex affirmed that researching, developing and perfecting the electrical equipment product ecosystem, making m88 nhà cái hàng đầu châu á-depth investment and enhancing production capacity was one of the key tasks of the group.

m88 nhà cái hàng đầu châu á 2019, Gelex conducted expansion projects to improve the production capacity of Cadivi Dong Nai Company Limited; implemented a project to produce super-heated aluminum cables, a project to improve the production capacity of 500 km medium voltage underground cables; conducted construction of PVC granulating factory and Bac Ninh electric wire and cable factory project. Gelex also completed the purchase of shares m88 nhà cái hàng đầu châu á Dong Anh Electrical Equipment Manufacture Joint Stock Company, expanded its transmission transformer products, contributing to the completion of the electrical equipment product suite.

Simultaneously, Gelex optimized production to reduce costs, increase business efficiency, and merged two units m88 nhà cái hàng đầu châu á the same production segment, VIHEM, into HEM.

Regarding the event that Song Da water was polluted with oil, the financial statement showed that Gelex currently held 60.46% of capital m88 nhà cái hàng đầu châu á Viwasupco. Then, Viwasupco completed the repair and was allowed by the Hanoi People’s Committee to supply water for drinking and living again. According to information disclosure, VCW would not collect water bills for a month. This event could cause Gelex’s water revenue to decline m88 nhà cái hàng đầu châu á the next quarter. However, the revenue and profit of the water segment have accounted for a small proportion m88 nhà cái hàng đầu châu á the Corporation’s structure.

9 months profit before tax was nearly VND 900 billion, completing 65% of the year plan

The financial statements of the third quarter of 2019 also showed that Gelex achieved nearly VND 900 billion of EBT m88 nhà cái hàng đầu châu á 9 months, completing 65% of the plan assigned by the General Meeting of Shareholders. Profit after tax m88 nhà cái hàng đầu châu á Q3/2019 reached VND 252 billion, down by 41% compared to the same period m88 nhà cái hàng đầu châu á 2018 m88 nhà cái hàng đầu châu á which the profit of parent company shareholders reached more than VND 184 billion. Accumulated 9 months of 2019 reached VND 712.5 billion, equivalent to a decrease of 27%.

The decline m88 nhà cái hàng đầu châu á profit after tax m88 nhà cái hàng đầu châu á the context of increased revenue and gross profit margin was due to:

Firstly, m88 nhà cái hàng đầu châu á 2018, Gelex divested some investments and income from abnormal financial activities. If this abnormal factor was excluded, profit after tax m88 nhà cái hàng đầu châu á the first 9 months of 2019 grew by double digits, reaching 21.3%.

Sencondly, m88 nhà cái hàng đầu châu á 2019, the company increased spending on marketing activities to promote sales, attended many domestic and foreign exhibitions.

m88 nhà cái hàng đầu châu á addition, financial expenses, mainly interest expenses, increased from VND 336 billion m88 nhà cái hàng đầu châu á 9 months of 2018 to VND 450 billion m88 nhà cái hàng đầu châu á 9 months of this year. During the period, the company increased bank loans and issued more bonds compared to the beginning of the year, pushed short-term debt from VND 3,742 billion at the beginning of the year to VND 5,103 billion at the end of September and pushed long-term debt from VND 2,132 billion to VND 3,487 billion. Most of the bonds issued are to finance the company’s new projects.