Profit Soars for Tien Thanh Service and Trading Joint Stock Company

Tien Thanh Service and Trading Joint Stock Company reported a net profit after tax of VND 514,020,390 for the second quarter of 2025, a substantial increase compared to a loss of VND (20,542,376,762) in the same period last year. This turnaround occurred despite a decrease in gross profit from VND 2,193,977,983 in Q2 2024 to VND 517,470,776 in Q2 2025. The company attributed this positive shift primarily to the recovery of VND 2.3 billion in receivables, reversing a VND 24.1 billion provision for doubtful debts made in the second quarter of 2024. Total assets at the end of Q2 2025 were VND 557,640,340,105, with current assets at VND 524,227,384,068.