Vicem Cement Trading profit falls 33% in first half

Vicem Cement Trading Joint Stock Company reported profit after tax of VND 784 million for the first six months of 2025, down 33% from the same period last year.

The decline was driven by a VND 929 million pre-tax loss in the cement business, compared to a VND 56 million profit in 2024, due to increased sales discounts and lower gross profit margins.

However, profit from real estate leasing rose VND 663 million to VND 698 million, driven by new warehouse leasing units.