Workers collecting latex at a rubber plantation in Gia Lai province. (Photo: VNA) Inits fourth-quarter financial statement, Vietnam Rubber Group (GVR), one of theleading rubber companies in Vietnam, said that its net revenue rose 6.6 percentyear-on-year to 9.6 trillion VND (4.2 million USD). Of which, revenue fromproducing and trading latex still plays a key role, with a gain of nearly 19 percentto 7.46 trillion VND.
Inaddition, the wood processing segment also brought back more than 1 trillion VNDin revenue.
Whileother business segments recorded growth, the real estate and infrastructurebusinesses reported a decrease of 47 percent to 183 billion VND.
However,as there was no longer profit from the divestment of member companies andliquidation of rubber plantations, its profit after tax in the fourth quarterof 2021 declined by 44 percent to nearly 1.8 trillion VND.
For2021, the company’s net revenue reached 26.35 trillion VND, up nearly 25 percentcompared to 2020. It resulted in a gain of 10 percent in profit after tax to 5.6trillion VND, completing and exceeding 23 percent of the plan.
Eventhough Vietnam Rubber Group had the highest profit last year, Dong Phu RubberJSC (DPR) was the one with the largest growth in terms of profit.
Despiteposting a fall of 3.5 percent over the same period of 2020 in revenue, thecompany’s profit after tax was still four times higher at 330 billion VNDthanks to other incomes totalling more than 229 billion VND.
Accumulatedin 12 months of 2021, Dong Phu Rubber’s net revenue reached 1.2 trillion VND,up 6.8 percent on-year, with revenue from the latex business being 860 billionVND, accounting for around 71 percent of its total revenue.
Revenuefrom the liquidation of rubber trees reached 122 billion VND.
Therefore,its profit after tax jumped 132 percent to 491 billion VND. The company’searnings per share (EPS) was also in the top at 10,752 VND.
Tabiruco(RTB) is also a business witnessing strong profit growth.
In2021, its net revenue reached 889.3 billion VND, up 32.5 percent over 2020.With profit before tax up 3 times higher than the yearly target, the company’sprofit after tax doubled to 379.6 billion VND.
Similarly,Baruco (BRR) recorded a rise of 27.2 percent in net revenue to 500 billion VND,resulting in an increase of 34.2 percent in profit after tax to 146 billion VND.With the business results, Baruco exceeds 20.5 percent of the profit target setfor the whole year.
Victoryis not for all
Onthe contrary, Phuoc Hoa Rubber JSC (PHR), also one of the leading producers inthe industry, reported a decline of 11 percent in net revenue of the lastquarter of 2021 to nearly 663 billion VND, with profit after tax down 40 percentto 237.5 billion VND.
Forthe whole year, its net revenue still rose by over 19 percent to 1.9 trillionVND.
However,in 2021, as there was no other income, its profit after tax edged down 48.6 percentyear-on-year to 578 billion VND.
Anothername leaving a huge impact for investors last year was Quang Nam Rubber.
Fouryears ago, in 2017, the company suddenly reported a loss of nearly 1.2 trillionVND, with revenue of only tens of billions of dong.
Sincethen, it has generated almost no revenue, or only a small amount which was lessthan 10 billion VND.
Inboth 2020 and 2021, Quang Nam Rubber did not generate revenue, losing 65billion VND and 50 billion VND, respectively.
Therefore,accumulated to December 31, 2021, it lost 1.36 trillion VND, with equity downto 167 billion VND.
Lastyear, the company also experienced many ups and downs with changing itsname and business lines twice.
Ofwhich, in May 2021, the company changed its name from Quang Nam Rubber to VietTrung Viet Investment and Development JSC, and transformed its core businessfrom planting and trading rubber to real estate.
Then,at the end of 2021, the company changed its name again to Tay Ba Na Group JSC,but kept its stock symbol of VHG.
Positiveoutlook in 2022
VietnamRubber Group said that the country's rubber industry will benefit from bothexport volume and value due to tight global supplies, especially inSoutheast Asia as the region is severely affected by the weather, leading to adecrease in the production of natural latex.
Therefore,the price of latex is expected to continue to rise sharply.
Areport from the Import-Export Department, under the Ministry of Industry andTrade showed that the country’s rubber price increased slightly lastmonth./.
VNA
