Gelex Trading Investment Company Limited saw a significant decline in earnings per share (EPS) following years of aggressive expansion
Gelex Trading Investment Company Limited saw a significant decline in earnings per share (EPS) following years of aggressive expansion. EPS dropped to 433 VND in 2022 and 388 VND in 2023, well below earlier levels. The main cause was the surge in financial expenses due to M&A activities and underperforming investments. Of 16 joint ventures and associates, only 7 reported profits. The company pledged to enforce stricter investment discipline and review its portfolio to prevent further EPS erosion.
Gelex Trading Investment Company Limited saw a significant decline in earnings per share (EPS) following years of aggressive expansion. EPS dropped to 433 VND in 2022 and 388 VND in 2023, well below earlier levels. The main cause was the surge in financial expenses due to M&A activities and underperforming investments. Of 16 joint ventures and associates, only 7 reported profits. The company pledged to enforce stricter investment discipline and review its portfolio to prevent further EPS erosion.
« Go Back
Our Events
-
Jan 28, 2019
[FiinPro Data] 2018 Earnings Update: 82% of businesses reported profits with a 16% growth
-
Dec 07, 2018
-
Oct 22, 2018
-
Oct 09, 2018
-
Apr 28, 2020
FiinGroup - Liberation Day and International Workers' Day Closing Announcement 2020
-
Oct 22, 2018
Vietnam Real Estate - Where is the market heading to?
The domestic real estate market has had a period of strong growth in the past five years, will this bull market continue and support real estate stocks to lead the market?