Vietnam Computerized Lottery Company (VNOT) has just announced its audited financial report for 2023, recording positive business results.
Accordingly, the company recorded net revenue from sales and service provision of nearly VND 4,968 billion, up slightly by 0.18% compared to 2022, equivalent to an increase of VND 9 billion.
During the period, Vietlott's cost of goods sold was VND 4,699 billion, up 0.5% over the previous year, mainly consisting of prize payment expenses and prize payment provisions of VND 3,438 billion, up VND 8 billion over 2022.
In addition, Vietlott also gave nearly 503 billion VND for computerized lottery agent commissions and the cost of computerized lottery business was nearly 532 billion VND.
The cost of goods sold increased faster than revenue, causing Vietlott's gross profit to decrease from nearly VND284 billion last year to nearly VND269 billion. The company's business management expenses also increased from VND79 billion last year to nearly VND83 billion.
However, thanks to a 36% increase in financial revenue to VND64 billion, Vietlott's net profit from business activities only decreased slightly by VND1 billion compared to the previous year.
Vietlott also recorded a sharp 6-fold increase in other profits, from nearly VND 8.7 billion last year to VND 53 billion, so as a result, the company reported a profit after tax of nearly VND 243 billion, an increase of 16.8% compared to 2022.
As of December 31, 2023, Vietlott's total assets were recorded at nearly VND 1,279 billion, an increase of 9.7% compared to the beginning of the year, mainly short-term assets of VND 1,243 billion.
Of which, cash and cash equivalents increased by 9.6% compared to the previous year to nearly VND 355 billion; short-term financial investments increased sharply from VND 700 billion to VND 771 billion (commercial bank deposits with original terms of over 3 months and remaining terms of no more than 12 months).
In addition, at the end of 2023, Vietlott also had deposits at commercial banks with original terms from 1 to less than 3 months of VND 310 billion and nearly VND 45 billion in demand deposits.
In total, the company has 1,126 billion VND in bank deposits. Thanks to the above deposits, in 2023 Vietlott will earn 64 billion VND in interest.
On the other side of the balance sheet, the company's total capital as of the end of 2023 was VND 1,279 billion, of which liabilities were nearly VND 726 billion, accounting for 56.8%. The company's equity as of this date was nearly VND 553 billion, up 6% compared to the beginning of the year .
Source: https://www.nguoiduatin.vn/vietlott-dem-hon-1000-ty-dong-gui-ngan-hang-a669793.html
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