MASCO reports profit decline in first half 2025

Danang Airports Services Joint Stock Company (MASCO) announced its reviewed semi-annual financial statements for the first half of 2025, reporting a profit before tax of VND 5,339 million, a 6.42% decrease from the first six months of 2024. Profit after tax also saw a notable decline, reaching VND 5,096 million, marking a 10.67% year-on-year reduction.

The company attributes the profit decline to several factors, including an increase in input material prices leading to a rise in the cost of goods sold. Additionally, increased production demands led to higher employee numbers and a need to boost salaries and welfare benefits to retain skilled workers, resulting in increased labor costs and other expenses.

Furthermore, changes in tax policies for the driver training sector, specifically provisional corporate income tax payments at two driver training centers, contributed to the decrease in profit after tax. Total assets as of June 30, 2025, were VND 89,986,611,237, with total liabilities at VND 51,290,847,775.