The third quarter financial statements of Thuan Duc Joint Stock Company (TDP code – HOSE) showed that the Company had a strong breakthrough in the period when maintaining the compound growth rate of both revenue and profit.
Specifically, according to the third quarter consolidated financial statement of TDP, the quarterly sales revenue reached 410 billion, profit after tax reached 27 billion, the same increase 44% over the same period last year.
Accumulated from the beginning of the year until now, the company has achieved 1,012 billion dong in revenue, 55 billion dong in profit after tax, up 30.9 percent and 52.7 percent respectively over the same period last year.
In the last quarter, TDP has had a strong improvement in gross profit when achieving the growth rate of 48% year-on-year. Interest expense increased sharply but mainly focused on production expansion and larger business capital needs.
According to the business leaders, positive changes compared to the same period last year thanks to the strong growth of the company’s core business, which is mainly domestic packaging (including BB packaging and BC) by Thuan Duc.
In the third quarter, the domestic business market maintained steady growth from the beginning of the year, the sales of animal feed packaging and agricultural product packaging continued to grow. In addition, the Company’s supermarket bag export market has rebalanced over the same period in the third quarter of 2019.
Predicting the situation, in August 2020, Thuan Duc Company started construction of the 4th factory in Hung Yen to boost export packaging output, to implement the plan to take the lead in the supermarket bag segment. password in the near future.
Implementing the resolution of the Annual General Meeting of Shareholders in 2020, the Board of Directors of TDP has recently issued a resolution on the implementation of paying dividends for 2019 in shares at the rate of 12%. Expected to be implemented in November this year.