Vietnam Australia Electric and Refrigeration Group Co., Ltd. (also known as Kangaroo) recently issued its first audited consolidated financial statements.
At the end of 2018, Kangaroo's total assets reached VND1,612.2 billion, up VND2.62 million from the beginning of the year. In particular, mainly short-term assets with a value of VND1,549.6 billion.
Last year, kangaroo debt grew 277.6 billion euros to 27 billion euros, of which 97% was short-term debt.
Kangaroo achieved net sales of VND 233,72 billion in 2018, an increase of 47% over the year to 2017. However, the group's profit target was "backward", with pre-tax profit down 6%. , Down 6% from the previous year to 70.4 billion VND, and after-tax profit down 8.3% to V $ 55.0 billion. As a result, the company has completed only 96% of its revenue plan and 36% of its profit plan.
The reason is that most of the cost of the group last year was greatly increased by the "team". In particular, the cost of goods sold increased 1.5 times to $ 1,224.4 billion. Financial operating income increased from VND 2.5 billion to VND 9.5 billion, but financial expenses increased from VND 24.1 billion to VND 41.3 billion.
In particular, Kangaroo's sales costs increased sharply from over VND 400 billion in 2017 to VND 613.7 billion VND in 2018. Among them, the cost of employees has increased by nearly 250,000,000 VND and the cost of services purchased from outside is almost 28 billion. In particular, the cost of promotions, discounts, and discount support increased sharply from around VND 60 billion in 2017 to VND 172.6 billion in 2018. Advertising costs and exposures have also almost doubled to 89 times.
In addition, management costs increased from VW 840 billion last year to VND 110 billion.
In 2019, the company has set a sales plan of 24.9 million VND, up 24 percent, and after-tax profit is 241.8 billion VND, four times the 2018 performance.
Founded in 2003, Kangaroo, which mainly deals with water purifiers, household products, and kitchenware, currently has about 20,000 business sites, 2 domestic branches, and 4 representative offices. There are one Vietnam factory, two research centers and nearly 2,000 employees overseas.
In 2017, we attempted to leap from the charter capital of kangaroo and increased its share issuance from VND 60 billion to VND 70 billion. This amount is used primarily to repay loans to individual creditors. In early January this year, Kangaroo announced that the State Securities Commission approved the public company registration documents.
According to Kangaroo's brochure, the company has two shareholders: Global High-Technology Investment and Import Investment Corporation (25% stake) and Nguyen Thanh Phuong (5.88% holding company). In particular, Mr. Nguyen Thanh Phuong is the representative of the stock management of Global High Technology Import Export Investment Joint Stock Company. As a result, Mr. Phuong holds 21,616,000 shares of Kangaroo, accounting for 30.88% of Kangaroo's total capital.
Nguyen Thanh Phuong was born in 1978 and is the founder and president of the Board of Directors of Kangaroo. Phuong is also known as the husband of a husband who took second place in Ngo Thanh Thanh Tu in 2016. The marriage ceremony was held in December 2018.