Accumulated in 2022, Nam Kim Steel recorded VND 23,071 billion, down 18% compared to last year; profit following tax was negative 66.7 billion dong, while the same period profit was 2,225 billion dong.
Nam Kim Steel Joint Stock Company (HoSE: NKG) has just announced the consolidated financial statements of the fourth quarter and the year of 2022. Revenue in the fourth quarter recorded nearly VND 4,300 billion, down 51% compared to the same period in 2021. Cost of goods sold. Sales was higher than sales with nearly 4,450 billion dong, so gross profit was negative 149 billion dong, while the same period profit was 1,057 billion dong.
Financial income fell by more than half from 106 billion dong to 47 billion dong, while financial expenses were more than 100 billion dong, interest expense was nearly 84 billion dong.
Selling expenses decreased by 70% to VND 152.4 billion, administrative expenses increased by 119% to VND 44.7 billion.
As a result, in the fourth quarter of 2022, the company reported a loss of 356.3 billion dong, while in the same period a profit of more than 450 billion dong.
Financial statements of NKG
Accumulated in 2022, Nam Kim Steel recorded VND 23,071 billion, down 18% compared to last year; profit following tax was negative 66.7 billion dong, while the same period profit was 2,225 billion dong.
Total assets by the end of December 2022 of Nam Kim Steel reached more than VND 13,520 billion, down 12% compared to the beginning of the year. Cash and cash equivalents increased by 34% to more than VND 1,000 billion, and held-to-maturity investments decreased by 44% to more than VND 250 billion. Inventories decreased by 15.5% to VND 7,351 billion.
In terms of capital, liabilities decreased by 16% to VND 8,143 billion, short-term loans increased by nearly 36% to VND 5,111 billion; long-term debt decreased by 93% to more than 3 billion dong.
Closing the trading session on January 19, NKG shares increased by 0.32% to 15,500 VND/share.