Alphanam E&C reports strong profit growth in first half of 2025

Alphanam E&C Joint Stock Company reported a consolidated net profit after tax of VND 18,025,711,769 for the first half of 2025. This represents a substantial increase of 228.27% compared to the VND 7,896,729,745 reported for the same period in 2024. The company attributes this growth to an expanded project implementation scale, leading to higher revenue, and an increase in sales and construction revenues.

The company's management confirmed that the interim consolidated financial statements as of June 30, 2025, present a true and fair view in accordance with Vietnamese Accounting Standards. However, the audited financial statements for the fiscal year ending December 31, 2024, included an exception audit opinion due to unreconciled trade payables amounting to VND 192,983,528,575.

In other financial news, Alphanam E&C acquired 13,835,000 shares of Alpec Joint Venture Joint Stock Company for VND 185,481,694,500 in July 2024, intended for securities trading. As of June 30, 2025, the fair value of this investment and Minh Nguyen Investment Joint Stock Company shares was not determined due to market listing status and accounting standard limitations.