Vietnam Container Corporation (Viconship, code: VSC) recently amended its Q4/2024 financial statements due to data entry errors. The cost of goods sold was adjusted upward by nearly 127 billion VND, leading to a 39% drop in net profit to nearly 195 billion VND. Nevertheless, this remains the highest quarterly net profit to date. Prior to the adjustment, Viconship explained the sudden profit increase due to merging business results from Nam Hai Dinh Vu Port and high financial revenue. By the end of 2024, total revenue reached 2.788 trillion VND, but net profit decreased by 22% to over 434 billion VND. The company planned for 2024 a target of 2.450 trillion VND in revenue and 320 billion VND in pre-tax profit but surpassed those targets with a result of 524 billion VND. Additionally, Viconship issued 12.7 million ESOP shares, raising over 127 billion VND and increasing its charter capital to 299.5 million shares.
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