Nhat Tin Logistics JSC is facing a loss of more than 25 billion dong

DNHN - After tax, Nhat Tin Logistics, a developed trade investment company, continues to record a loss of more than 25 billion dongs in 2022. This signifies the continuation of a challenging period.

According to data published by the Hanoi Stock Exchange (HNX), Nhat Tin Logistics - a developed trade investment company - continues to record a post-tax loss of more than 25 billion dongs in 2022. Following a difficult period in which the company lost more than 21 billion dongs in the previous year, this is the result. Additionally, the company's equity decreased by nearly 183 billion dongs by the end of 2022, and the debt-to-equity ratio increased from 1.52 to 2 times.

Notably, the bond debt-to-equity ratio fell from 0.24 to 0.08, a positive indicator for the company's fiscal adjustment process. Nhat Tin Logistics has utilised the bond proceeds, totalling VND 50 billion, for investments in transportation, warehousing, network expansion, post offices, and working capital supplementation, as well as technology.

Nhat Tin Logistics was founded on 2 June 2014 in the Tan Binh district of Ho Chi Minh City. The company primarily operates in the postal industry, specialising in express delivery services. The company was founded by six founding shareholders, including Ms Tran Thanh Huyen, Ms Thai Thi Hong Dung, Ms Dang Thi Huong Lan, Mr Doan Van Thanh, Ms Vu Thi Quynh Trang, and Ms Nguyen Thi Minh Trang, with an initial charter capital of VND 15 billion.

After five capital increases, the current charter capital of the company exceeds 72 billion dongs. The only foreign investor is Singapore-based Jeromosity Pte. Ltd., which accounts for 30.594% of charter capital. The shareholder structure and ownership percentage of the remaining capital are not disclosed, however.

Notably, Nhat Tin Logistics has previously received investment capital from Mekong Enterprise Fund III (MEF III) via Jeromosity Pte. Ltd., although the value of the transaction is unknown. Mr Nguyen Van Tu currently holds the position of General Director and is the company's legal representative.

Nhat Tin Logistics offers a variety of logistics services, including express delivery, economy delivery (MES), road delivery, collection delivery (COD), international delivery, and delivery of raw materials, among others. transportation, rental/warehouse management & fulfilment services (3PL & Fulfilment). Currently, the company operates in 63 provinces and cities and owns large distribution centres in Song Than (South) and Van Giang (North) with a combined area of 60,000 square metres.

P.V (t/h)