Halong Canned Food swings to VND5.1bn profit

Halong Canned Food Joint Stock Corporation reported contrasting H1 2025 results, with its parent company posting a VND1.135 billion pre-tax loss compared to VND36.570 billion profit in H1 2024.

The decline was primarily due to a VND45 billion one-time financial income from a subsidiary in H1 2024 that did not recur.

However, consolidated pre-tax profit surged 166% to VND5.128 billion, reversing from a VND7.750 billion loss in H1 2024, driven by a 15% reduction in cost of goods sold and 66% decrease in interest expenses.