L40

HNXReal Estate & Construction

Investment và Construction 40 Joint Stock Company

Original Name: Công ty Cổ phần Đầu tư và Xây dựng 40

Reference Price78.000 ₫

Interactive Stock Chart

Exchange Ticker: HNX:L40

Listing Information

Exchange MarketHNX

Live SectorReal Estate

First Trading Date27/01/2021

First Close Price₫18,200

Capital Structure

Charter Capital108 Billion VND

Listed Shares10,800,000

Outstanding Shares10,800,000

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2025	Kiểm toán CPA Vietnam Co., Ltd.
2024	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.
2023	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.
2022	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.
2021	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.
2020	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.
2019	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.

IPO & Listing Consultant

Securities FPT JSCListing Ticker Symbol: FTS

Detailed Corporate Timeline & Sectors

Establishment History

Investment & Construction Joint Stock Company 40, formerly Irrigation Construction Company 10 - Ministry of Irrigation, was established on December 4, 1975. Equitization according to Decision No. 162 QD/TTg dated February 19, 2001 of the Prime Minister.

Main business :

Construction of irrigation works, hydroelectricity, pumping stations, traffic, industrial and civil works; underground and underwater works, water supply and drainage pipeline works; wastewater treatment works, landslide prevention, underground water exploitation.
Project foundation treatment, grouting drilling, site leveling.
Motorcycle equipment repair; manufacturing and installation of sluice gates and construction steel structures.
Construction consulting; Supervise the construction of irrigation works; Design and construction of irrigation works; design and construction of urban technical infrastructure projects.
Real estate business.

Address: 359 Nguyen Phuoc Lan, Hoa Xuan Ward, Da Nang City

Phone: (84-8)3899 0099 Fax: (84-8)3511 7533

Disclosure Officer:

Email: [email protected]

Website: https://l40.com.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	-₫71	₫103	₫3,943	₫29,065
Price-to-Earnings (P/E)	-	758.46x	19.78x	2.68x
Book Value Per Share (BVPS)	₫5,907	₫6,010	₫10,001	₫57,508
Price-to-Book (P/B)	13.20x	12.98x	7.80x	1.36x
Return on Equity (ROE)	-1.20%	1.71%	39.43%	50.54%
Return on Assets (ROA)	-0.50%	0.60%	23.12%	30.19%
Net Profit Margin	-0.46%	1.00%	16.71%	119.47%
Debt-to-Equity Ratio	1.43	1.86	0.71	0.67
Current Ratio	1.02	1.06	2.43	2.73

Audited Financial Statements

Source: KB Securities (KBS) Datafeed • Updated dynamically

Show absolute values (VND)

Doanh thu thuần về bán hàng và cung cấp dịch vụNet revenue

+57.2% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+570.3% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	263,032,356,000	254,801,145,000	110,689,738,000	167,795,747,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	278,377,000	15,947,000	91,253,000	667,155,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	262,753,980,000	254,785,198,000	110,598,484,000	167,128,593,000
4. Giá vốn hàng bán 4. Cost of goods sold	207,429,787,000	240,553,975,000	104,749,246,000	163,569,545,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	55,324,193,000	14,231,223,000	5,849,239,000	3,559,048,000
6. Lãi/Lỗ của hoạt động bán, thanh lý bất động sản đầu tư6. Gain/(Loss) on disposal of investment property	-	-	-	-
7. Doanh thu hoạt động tài chính 7. Financial income	527,421,000	498,127,000	392,364,000	113,211,000
8. Chi phí tài chính 8. Financial expenses	1,039,747,000	-	28,503,000	224,905,000
Trong đó: Chi phí đi vay Of which: Interest expense	1,039,747,000	-	28,503,000	224,905,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	-	-	-	-
9. Chi phí bán hàng 9. Selling expenses	-	-	-	-
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	6,316,425,000	7,737,433,000	7,992,427,000	9,620,376,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	48,495,441,000	6,991,917,000	-1,779,328,000	-6,173,021,000
12. Thu nhập khác 12. Other income	311,032,492,000	54,329,253,000	3,191,017,000	7,263,860,000
13. Chi phí khác 13. Other expenses	10,137,162,000	7,605,830,000	16,943,000	846,895,000
14. Lợi nhuận khác14. Other profit	300,895,330,000	46,723,422,000	3,174,074,000	6,416,965,000
Phần lợi nhuận/lỗ từ công ty liên kết liên doanhShare of associates and joint ventures' result	-	-	-	-
15. Tổng lợi nhuận kế toán trước thuế15. Profit before tax	349,390,772,000	53,715,340,000	1,394,746,000	243,944,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	35,491,467,000	11,129,098,000	284,070,000	1,012,598,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-	-	-	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	313,899,305,000	42,586,241,000	1,110,677,000	-768,653,000
Lợi ích của cổ đông thiểu sốMinority Interest	-3,669,614,000	-	-	-
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	317,568,919,000	42,586,241,000	1,110,677,000	-768,653,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	40,912	11,906	311	-215
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	-	12,000	0	0

Data Source & Disclaimer

Data Source: Financial statement data is automatically aggregated from official disclosure feeds of listed companies through the analysis system of KB Securities Vietnam JSC (KB Securities).

Disclaimer: All financial data displayed on this website is provided for general reference purposes only. We make every effort to update accurate data but do not provide any warranty regarding its completeness or absolute reliability. The displayed figures do not constitute investment advice or an offer to trade securities. Users assume all risks and responsibilities for any financial decisions made based on the data on this website.

L40

Investment và Construction 40 Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Professional Advisors & Auditors

Independent Auditing History

IPO & Listing Consultant

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

L40 — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality