Kangaroo International Joint Venture Joint Stock Company has experienced a remarkable turnaround in its financial performance. In 2023, the company’s after-tax profit improved significantly from a negative figure to nearly 5.2 billion VND, representing a substantial increase compared to the previous year’s loss of nearly 65 billion VND. However, it is important to note that this profit is only 17% of the profit seen in 2021.
Other financial indicators have also shown recovery for Kangaroo. Equity has increased by 5%, reaching nearly 749 billion VND, while total liabilities have decreased by 7% to 1,700 billion VND. Additionally, the company took the initiative to buy back all outstanding bond debt before maturity, spending nearly 8.4 billion VND on interest payments to bondholders.
Kangaroo International Joint Venture Joint Stock Company was established in 2021 through a joint venture between Viet Uc Electric Refrigeration Group Joint Stock Company and Noritz Group (Japan). The company aims to bring Japanese quality products produced by Vietnamese workers to the global market. Meanwhile, Kangaroo Group, which has been in business since 2003, primarily specializes in water purifiers. The company’s notable advertising efforts have significantly increased its visibility and market share over the years.
