Viettel Construction Joint Stock Company (Viettel Construction, code: CTR) announces Q4 / 2020 consolidated financial statements with net revenue of VND 2,124 billion, up 49% and profit after tax of VND 105.5 billion, an increase of 64. % over the same period last year, net profit margin is equivalent to 5% and these are also record numbers of business performance since its inception.
Accumulating in 2020, Viettel Construction achieved revenue of 6,360 billion VND, increased by nearly 25%, and profit after tax was 274 billion VND, up 45% compared to the previous year. Earnings per stock (EPS) at the end of the period reached VND 3,813 / stock.In 2020, Viettel Construction sets a target of 199 billion dong of profit after tax and with the implementation results, the company has exceeded 38% of the target approved by the General Meeting of Shareholders.
Positive results Viettel Construction achieved in the past year has made a significant contribution from the Commercial sales and integration solutions segment when bringing in revenue of VND 1,309 billion, 2.2 times higher than the previous year. In the past year, the promotion of the installation of rooftop solar cells, socialized cameras, and smart home has made a great contribution to the strong growth of the Integrated Solutions segment, and commercial sales.
Station operation and operation segment achieved revenue of VND 3,369 billion in 2020, an increase of nearly 14% year-on-year and is still the largest contributor to Viettel Construction's revenue. Last year, the company operated and operated the station in Myanmar and Cambodia markets.
The construction and installation sector also recorded a growth of 5.5% in 2020, reaching revenue of VND 1,616 billion.
Meanwhile, the investment real estate business (TowerCo) achieved revenue of 65.26 billion dong, 7.6 times higher than the previous year and this is also the field that brings the biggest profit margin for Viettel Construction. The gross profit margin in 2020 of TowerCo segment will reach 28.4%.
At the end of 2020, total assets of Viettel Construction reached 3,881 billion VND, in which the balance of cash and the equivalent was 505 billion VND, down about 300 billion VND compared to the beginning of the year. The company also started to borrow with long-term debt at the end of 2020 of VND 47.3 billion. This can come from promoting the development of new business areas such as TowerCo, integrated solutions ...
The historical cost of tangible fixed assets at the end of 2020 of Viettel Construction increased by 160 billion from the beginning of the year to 523 billion VND. Meanwhile, the cost of real estate investment (serving TowerCo) also increased 9.3 times from the beginning of the year to 253.4 billion.
Biến động cổ phiếu CTR từ khi lên sàn chứng khoán tới nayAccording to leaders of Viettel Construction, the target by 2025, the company will become the leading investor and leasing infrastructure (TowerCo) in Vietnam. In addition, the company also expands to provide construction services, technical culture outside Viettel and overseas markets; Develop intelligent electromechanical and clean energy solutions.
Kế hoạch đến năm 2025, doanh thu Viettel Construction đạt 11.500 tỷ đồng và lợi nhuận 518 tỷ đồng, duy trì ROE cao và ổn định với mức trung bình 16%; ROA từ 4-5% trong giai đoạn 2021 – 2025. Dù vậy, lãnh đạo công ty tin rằng sẽ hoàn thành vượt xa kế hoạch trên, doanh thu năm 2025 có thể lên đến 1 tỷ USD (khoảng 23.500 tỷ đồng), tỷ trọng doanh thu ngoài tập đoàn lên tới 50%.
In a recent report, Ban Viet Securities (VCSC) forecasts that Viettel Construction will soon become the number 1 Towerco in Vietnam. Viettel Construction started to build its own telecom station in 2019 and quickly became the second largest company with 1,000 telecom stations by the third quarter of 2020. Backed by extensive experience in construction and operation. Viettel Construction's telecom station network (accounting for 43% of all telecommunication stations in Vietnam), Viettel Construction has outstanding cost and ability to secure station locations. In addition, with negligible cost increase when leasing more MNOs (mobile network operators) on an existing telecommunications station, Viettel is the main tenant allowing Viettel Construction to provide competitive rental rates for other MNOs.