VGPIPE reports 546% profit surge in Q2

Vietnam Germany Steel Pipe JSC reported a 546% increase in Q2 2025 net profit after tax to VND 43.96 billion, compared to VND 6.80 billion in Q2 2024.

The growth was primarily driven by VND 26.60 billion in dividend income from its equity investment in Vietnam - Germany Steel Production Group Joint Stock Company. Excluding dividends, net profit still rose 155%.

Consolidated revenue increased 7.18% to VND 2.14 trillion, while consolidated net profit climbed 188% to VND 34.85 billion.