Business results are independently audited
Regarding the series of information in the VAFI document sent to the State Capital Management Committee at enterprises and related ministries and sectors, Quy Nhon Port Joint Stock Company has exaggerated its business achievements in 2019, not real. does any work for the stock listing process, this morning (July 9), exchanged with Traffic Newspaper, Mr. Phan Tuan Linh, General Director of Quy Nhon Port Joint Stock Company (Quy Nhon Port) said. , the above information is unfounded.
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Before the time of handing over capital between Vinalines and Hop Thanh, in order not to complicate the process of withdrawing 75.01% of Quy Nhon Port’s shares, listing securities cannot be implemented.
In 2019 and up to now, although Vinalines has made many reports to the Ministry of Transport as well as the proposal of Hop Thanh to propose the value of the interests of Investors to end the process of implementing the conclusions of the Government Inspectorate. However, up to now, Hop Thanh Company has not had any proposals to negotiate the end of phase 2 of the transfer process. Mr. Phan Tuan Linh, General Director of Quy Nhon Port Joint Stock Company
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Thanks to the implementation of a series of overall solutions, the cargo throughput in 2019 reached more than 9.1 million tons, up 9.5% compared to 2018. In particular, container cargo reached 136,817 teus, an increase of 7, 5% compared to 2018.
In 2019, the total revenue achieved in 2019 reached more than VND 812 billion, up 11.6% compared to 2018. In particular, the revenue from business and service implementation was estimated at nearly VND 800 billion, up 11.5%. compared to the same period in 2018, equivalent to VND 82.67 billion (not VND 100 billion under VAFI’s 920 document).
“The above figures are the figures according to the 2019 financial statements of Quy Nhon Port which have been independently audited by the State Auditing Company in the list of the State Securities Commission eligible for audit.
Thus, VAFI stated that the Board of Directors of Quy Nhon Port exaggerated its business performance in 2019, the report of dishonesty is unfounded, creating bad expectations, affecting the reputation of Quy Nhon Port, ”Mr. Linh said. .
Why did the revenue increase, profit decreased after Vinalines took over?
Also regarding the issue of revenue and profit, Mr. Linh said, in total of nearly 800 billion dong of net revenue in 2019 of Quy Nhon Port, port operation revenue in 2019 was more than 460 billion dong (accounting for 57, 59%, up 2.8% compared to 2018); gasoline revenue and tire sales were nearly 145 billion dong (accounting for over 18%, up 19.9% from the previous year); Revenue from road transport and waterway transport reached more than 187.6 billion VND (accounting for 23.46%, an increase of 32.47% compared to 2018).
According to the aforementioned data, although cargo throughput in 2019 increased by 787 thousand tons, container cargo only increased by 133,000 tons, the remaining is general goods. With such cargo structure, port operation revenue increased by only 2.8%, equivalent to VND 12.59 billion (this revenue included about 13% of the tugboat ship revenue due to the loss before handover to Vinalines, The company made adjustments to the charter of the tugboat charter policy). This result is consistent with the structure of goods and the actual business operation.
Regarding operating expenses, according to the published financial report, labor costs in 2019 increased by 13.6 billion VND compared to 2018 because after taking over, the management board received 54 recommendations from employees. including 29 recommendations on the salary field.
Based on a review of the company’s wage labor situation, the period of time the company was operated by private investors (from 2015 to 2018), the annual salary fund approved by the Board of Directors, with the The income of workers is gradually decreasing. In 2019, after transferring the capital to the Vietnam National Shipping Lines (Vinalines), the planned salary fund is considered by Vinalines and gives opinions to the representative of the Corporation’s capital at Quy Nhon Port. decisions and approvals according to law provisions.
In 2019, the planned salary of the employee is equal to 13.48 million VND / month, up 12% compared to the average salary made in 2018. However, according to the finalized figures to ensure the profit target Profit in 2019, the company only made the average salary of employees by 13.2 million VND / month, up 8% compared to 2018 and equal to 98% of the approved plan.
Along with that, in 2019, with cargo volume growth of 9.5% while the port facilities and equipment are outdated, in order to ensure the productivity of loading and unloading of goods, many of the port’s equipment and facilities have to be put in place. into repairing, maintaining and replacing supplies and spare parts. Therefore, the cost of repairing and upgrading assets in 2019 increased sharply with a total cost of more than 20 billion VND, an increase of 11.15 billion VND compared to 2018.
“If excluding the increasing cost factors due to changes in salary regime, repair of equipment and facilities, and depreciation factors without adding other factors, the company’s total profit in 2019 will exceed far from the figures in the financial statements ”, Mr. Linh affirmed.
Besides, according to the port’s data, the port’s output in the first 6 months of 2018 was 3.87 million tons, profit before tax was more than 61 billion dong. In the last 6 months of 2018, output reached 4.44 million tons, profit reached nearly VND 59 billion. The actual figures above reflect not only increased output, but also increased profits.
Moreover, Binh Dinh is characterized by the rainy season from September to December, during this period, making general goods, especially bags and woodchips, faced many difficulties. Therefore, cargo throughput of the port in the last 6 months usually tends to be lower than in the first 6 months.
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According to Mr. Phan Tuan Linh, the bidding package for making a feasibility study report on upgrading of port number 1, was organized by Quy Nhon Port nationwide, ensuring the participation of all consulting contractors in accordance with regulations. specified. Maritime Construction Consultancy Joint Stock Company (CMB) and Quy Nhon Port do not have shares or contributed capital of more than 30% of each other, so they should be competitive, ensure legal independence and financial independence. major in accordance with the law on bidding.
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In fact, in the first 6 months of 2020, despite the serious impact of Covid-19, but with many efforts, the volume of cargo through the port in the first 6 months of 2020 reached more than 5.2 million tons, up 12% compared to The same period in 2019. Expected revenue of exploitation and services reached 421 billion VND, up 4% compared to the same period in 2019.
“This result is a testament to Vinalines’ good management and operation of Quy Nhon Port, unlike VAFI’s statements that mislead the public opinion that every state-owned enterprise is doing business in a loss and weak management. ”, Mr. Linh reaffirmed.
Regarding the judgment, the investment in upgrading and upgrading the wharf of Quy Nhon Port is higher than the market price, Mr. Phan Tuan Linh said that the seaport project is a specialized work, not a work. Popular construction, the investment cost depends on many factors, and at the same time, the competent authority does not build and issue the investment capital rate for seaport constructions.
Therefore, the method of determining the appropriate total investment amount is to determine the construction volume calculated according to the basic design, project implementation plan, organization of construction-oriented construction measures, necessary requirements. other requirements of the project and the system of norms, construction unit prices, relevant regimes and policies.
