VinFast Auto Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 07:44 am
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VinFast Auto Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was VND 421,256 million compared to VND 115,519 million a year ago. Revenue was VND 10,417,758 million compared to VND 4,465,119 million a year ago. Net loss was VND 15,508,159 million compared to VND 15,285,738 million a year ago. Basic loss per share from continuing operations was VND 6,642 compared to VND 6,648 a year ago.
For the full year, sales was VND 936,896 million compared to VND 166,525 million a year ago. Revenue was VND 28,596,221 million compared to VND 14,965,591 million a year ago. Net loss was VND 57,101,541 million compared to VND 49,783,795 million a year ago. Basic loss per share from continuing operations was VND 24,710 compared to VND 21,654 a year ago.
VinFast Auto Ltd. is an automotive manufacturer. The Company manufactures and exports a portfolio of electric SUVs, e-scooters and e-buses across Vietnam, and the United States. It offers a full-scale mobility platform focused primarily on designing and manufacturing EVs, e-scooters and e-buses. The Company's designs feature its signature lighting that frames its V logo and sweeps out to the corners of the car. The EV platform consists of models, such as VF e34, VF 8, VF 9, VF 5, VF 6, VF 7, and VF 3. The Company offers two trims of the VF 8: Eco and Plus. The Eco trim offers a longer driving range. The Plus trim offers luxury features, including a panoramic glass roof, leather upholstery, a power-assisted tailgate, and captainâs chairs for the second row. The VF 9 is an advanced E-segment electric SUV featuring three rows of seats for the Vietnam, North America, and European markets. The Companyâs VF e34 is an EV offering for the C-segment electric SUV entirely for the Vietnam market.
VINFAST AUTO LTD. 
