Thanh Thanh Ceramic profit plunges 98% in H1

Thanh Thanh Joint Stock Company reported after-tax profit fell 98.23% to VND 16,837,581 in the first half of 2025, down from VND 953,019,997 a year earlier. Net revenue declined 19.72% to VND 65,732,954,212.

The company attributed the decline to difficult brick product consumption due to price competition and a weakening real estate market. Production ceased on July 1, 2025 to facilitate relocation from Bien Hoa 1 Industrial Park, requiring a VND 2 billion provision for employee severance.