According to Trung Nam Solar Power, Thuận Nam reported a return to profit after a record loss of 1 trillion in 2023.

Trung Nam Thuận Nam Solar Company Limited has just announced its financial report for 2024, recording a post-tax profit of over 138 billion VND, marking a positive turning point compared to a loss of nearly 1 trillion VND in 2023. Previously, the company reported a net profit of 81 billion VND in 2022 and 402 billion VND in 2021.

By the end of 2024, the company's equity is expected to increase to 1,562 billion VND, while the owner's contribution remains unchanged at 2,411 billion VND. Total liabilities are still high, approximately 8,778 billion VND, accounting for 85% of total assets. Notably, this figure is about 5.6 times the equity, indicating that financial pressure remains significant.