[Non-rated] - Update 1Q2022 Business Results: Acceleration after the pandemic
20/06/2022

Summary

Duc Thanh Wood Processing JSC is a manufacturer of traditional kitchenware, household goods, home furniture and children's toys made from rubberwood, MDF and plywood, with more than 30 years of experience. GDT's orders are mainly produced, processed and exported to markets such as US, Japan, Korea, EU, etc. (constituting over 80% of total revenue).

GDT’s 1Q22 net revenue reported at VND 108.2bil (+8% QoQ), with 32.4% GPM (1Q21 33.2%). EBT had an increase of 13.3% compared to that in the same period last year, reaching VND 25.4bil, equivalent to a margin of 23.5% (1Q21 22.4%). The company respectively completed 21.6% (of VND 500bil target revenue, in which 85% is from export) and 21.5% (of VND 117.9bil) of the target revenue and EBT in the 2022 initial business plan. 

Company
GDT-Duc Thanh Wood Processing JSC
Category
Update
Author
SSV
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