Western Bus Station records record profits

Financial statements in the fourth quarter of 2024 showed that the annual revenue of the Western Bus Station reached nearly 158.3 billion dong, an increase of nearly 13% compared to 2023. Subtracting the cost of capital, the company grossed profit and nearly 95.4 billion copper, equivalent to gross profit margin about 60.3%.

The revenue of financial activities decreased by nearly 14% to more than 10.6 billion dong due to loss of deposit interest. The company has nearly 262 billion dong to the bank, as of the end of last year. However, WCS continued to say no to financial traps so it did not record this segment cost.

They also do not spend any money for sales. Meanwhile, business management costs decreased by nearly 9%. The company also recorded about 5.7 billion other income.

In total, the Western bus station profit after tax nearly 75.5 billion dong, an increase of 13.5%. This is also a record number in the history of the business. At the end of this period, WCS has more than 121.6 billion dong accumulated profits.

Compared to the plan, the company is only about 1.4% from the revenue plan but has exceeded the profit target of nearly 10%. Since the previous year, Ho Chi Minh City banned the bed car in the inner city that helped the Western bus station revenue improved well.

By the end of 2024, this business had a total assets of more than VND 307.6 billion, accumulated an additional 8%. Of which, nearly 85% are idle money to send banks. Liabilities decreased by nearly half of more than 42 billion dong, mainly located in the payables and rewarded and welfare funds.

Thanks to positive business results, WCS shares also grew well. In 2024, the market price accumulated more than 46%. At the beginning of the New Year (January 24), this code reached 302,100 VND per unit, an increase of nearly 64% compared to the beginning of 2024. Get 16,000 VND. This level is higher than the plan and increases dramatically compared to 20% of the previous three years.