Cargo volume dropped sharply amid a difficult global economic situation in the first quarter bongdaso ìno 2023, thereby ending 2 years bongdaso ìno "smooth flying" bongdaso ìno leading enterprises in this business.
In the first quarter bongdaso ìno 2023, Saigon Cargo Service Corporation (HOSE: SCS) recorded net revenue bongdaso ìno ,8 million and net profit bongdaso ìno ,8 million, down 34% and 40% respectively over the same period. Meanwhile, these two figures at Noi Bai Cargo Terminal Services JSC (HOSE: NCT) decreased by 21% and 25% respectively over the same period, reaching ,3 million and VND ,9 million.
In addition, gross profit margin also decreased, in which SCS dropped to 76% and NCT down to 43%.
This situation appears to be in contrast to 2 years ago, when booming cargo demand, coupled with supply chain disruptions, boosted air freight activity.
According to the explanation bongdaso ìno SCS, business results plunged because the total international goods volume decreased by 45% over the same period, amid the difficult context bongdaso ìno the global economy.
The challenges in the economy is also the reason given by NCT. The company said that in the first quarter bongdaso ìno 2023, the situation was not favorable because the world economy was uncertain and exports dropped sharply. "Facing such challenges, the company's service output in the first quarter bongdaso ìno 2023 was also significantly affected," NCT said.
In addition, the sharp decrease also came from the sudden surge in the volume bongdaso ìno goods via air in the first quarter bongdaso ìno 2022 - the period when the COVID-19 epidemic was still lingering.
Although business results have cooled, the balance sheets bongdaso ìno the two businesses are still healthy.
SCS has more than million bongdaso ìno short-term assets, bongdaso ìno which 93% is cash and held-to-maturity investments. The company has no loans and finance lease liabilities.
On the NCT side, this enterprise holds ,1 million bongdaso ìno short-term assets, bongdaso ìno which ,83 million in cash, investment held to maturity and ,7 million bongdaso ìno receivables. On the other side bongdaso ìno the balance sheet, the Company has loans and short-term finance lease liabilities bongdaso ìno ,2 million.
Source: https://vietstock.vn/2023/04/van-tai-hang-hoa-qua-duong-hang-khong-het-thoi-thuan-buom-xuoi-gio-737-1061362.htm
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