Thang Long Investment Group reports sharp profit decline in H1 2025

Thang Long Investment Group Joint Stock Company (TIG) released its reviewed interim financial statements for the first six months of 2025, revealing a significant 68.7% decrease in consolidated after-tax profit, falling to VND 57,412,281,860 from VND 183,156,248,109 in the same period of 2024. This decline is primarily attributed to a VND 137 billion drop in financial income and a VND 14 billion increase in administrative and financial expenses.

The company's separate financial statements show that gross profit from sales and services decreased by VND 5.248 billion. Financial income experienced a sharp 94.8% reduction, from VND 144,358,285,151 in H1 2024 to VND 7,529,547,768 in H1 2025. Concurrently, administrative expenses surged by 146.1% to VND 15,897,575,112. The consolidated financial statements also highlight a 52% decrease in financial income and a VND 41 billion increase in administrative expenses, primarily due to goodwill from the acquisition of Hoa Anh Dao Company in Q4/2024. These factors collectively led to a 64.9% decline in consolidated after-tax profit.