TAR financial statements

TAR: Rice prices rise, exports
many Trung An Rice lost 8 billion in
quarter ll/2023, why?

Dan Viet Newspaper| 30.07.2023 at 09:41

Accumulated in the first 6 months, net 💠revenue of Trung An Rice (TAR) reached 2,513 billion VND dong, up 46%;
💠profit after tax reached 606 million dong,
50.6 billion dong profit in the same period.
With this result, Trung An has just implemented 🔴🥲1.2% of the year plan.

🔮This period, Trung An Rice reached 1,615 billion VND revenue, 2 times higher than the same period.
Although
However, 💠cost of goods sold is 2.3 times higher,
so profit Gross profit reached 66.5 billion dong, down 25.5% than the same sign.
💠Financial services revenue up 60% YoY 5.2 Billion Dong;
Finance costs increased by 40% to nearly 31 billion dong;
only selling fee reduced 38% down 24.7 billion dong;
administrative costs management increased by 272% to 9.3 billion dong.
Profits negative up to 7 billion dong, while QoQ 203 million dong.

As a result, Trung An Rice lost 8 . after tax billion dong, still 23.6 billion dong profit in the same period
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