The secretive woman holds the largest capital at Mr. Tram Be's Trieu An Hospital

Mr. Tram Be when he was in power at Sacombank - Photo: THUAN THANG

No longer having huge revenue from real estate, Mr. Tram Be's hospital reports sharp drop in profits

Trieu An Private General Hospital Joint Stock Company has just announced its financial report for the third quarter of 2024 with net revenue reaching more than 173 billion VND, an increase of 4% over the same period last year.

Due to the cost of goods sold increasing higher than the increase in revenue at 12%, Trieu An's gross profit decreased from 29.6 billion VND in the same period to more than 21 billion VND this year.

After deducting expenses, Trieu An Hospital's net profit in the third quarter reached more than 9.8 billion VND, down 45% compared to the same period last year.

According to the financial statement explanation, the revenue structure is mainly medical examination and treatment, no other items are recorded.

Meanwhile, in the second quarter of 2024, this hospital recorded up to 101 billion VND from real estate transfers, thanks to which, profits were also at the highest level ever.

In the third quarter, no more revenue was recorded from real estate, causing the hospital's profits to drop sharply.

In the first 9 months of this year, the after-tax profit of Trieu An Hospital, where Mr. Tram Be is chairman, reached nearly 90 billion VND, a record so far.

At the 2024 shareholders' meeting, Trieu An Hospital set a target of VND769.6 billion in revenue and VND60.5 billion in after-tax profit this year. With positive results after 9 months, the hospital has exceeded its profit plan.

In long-term investments, Trieu An is contributing capital to invest in Binh Chanh Real Estate and Trading Joint Stock Company with 45 billion VND and in District 9 Public Service LLC with more than 416 billion VND.

In which, the cooperation with Binh Chanh Real Estate and Trading Joint Stock Company to implement the luxury apartment project at 84 An Duong Vuong, Binh Tan District, Ho Chi Minh City. The capital contribution ratio of Trieu An in the first phase is 90%, which can then be adjusted.

There is also an investment of hundreds of billions in District 9 Public Service LLC to carry out the project of building Long Son construction materials production area, District 9 with a scale of 25 hectares.

The quiet woman in Mr. Tram Be's ecosystem

Established in 1999, Trieu An Private General Hospital was one of the first and largest private general hospitals in Vietnam.

Currently, the chairman of the board of directors of Trieu An Hospital is Mr. Tram Be - a Vietnamese businessman of Chinese origin, from Tra Vinh, who returned to business last year after serving two 7-year criminal sentences.

After Mr. Be returned, Mr. Tran Ngoc Henri - who used to hold the position of chairman - became vice chairman of the board of directors. The transition period took place from May 2023.

In the recently published financial report, the detailed explanation of equity investment shows the number of shares held by Mr. Be at the hospital.

Accordingly, Mr. Tram Be holds more than 2.37 million shares, equivalent to 4.85% of capital. But the person who owns the largest share of this institute is Ms. Duong Thi Det with 38.27% of capital, followed by Ms. Tram Thuyet Kieu (Mr. Be's daughter) with 21.51%.

A woman named Duong Thi Det appeared in different roles at several businesses related to Mr. Be, in addition to Trieu An.

Previously, at the annual meeting held in May 2023, Mr. Tram Be was elected as a member of the board of directors for the 2022-2027 term. Before being involved in legal trouble, Mr. Tram Be was also the chairman of the board of directors of this hospital.

During Mr. Be's absence, Trieu An still recorded a steady revenue of hundreds of billions of VND (the highest in 2022 was 591 billion VND) and a profit of tens of billions of VND as the data mentioned above. In 2021 alone, due to the impact of the COVID-19 pandemic, this hospital lost 27 billion VND.

Source: https://tuoitre.vn/nguoi-phu-nu-kin-tieng-nam-von-lon-nhat-tai-benh-vien-trieu-an-cua-ong-tram-be-20241019101935783.htm