Bao Ngoc Investment's first-half profit falls 55% amid strategic shifts

Bao Ngoc Investment Group Joint Stock Company reported a significant decline in its separate after-tax profit for the first six months of 2025, falling by 54.99% to VND 10.64 bn from VND 23.63 bn in the same period of 2024. This decrease is primarily attributed to increased management and selling expenses from strategic investments to boost sales, alongside higher interest expenses. Separate net revenue from sales and services remained stable at VND 371.13 bn, while cost of goods sold saw a slight decrease of 1.18% to VND 308.18 bn.

On a consolidated basis, the company experienced a loss of VND 17.52 bn in after-tax profit, a 170.95% drop from a profit of VND 24.69 bn in 2024. This consolidated loss is mainly due to an adjustment for negative commercial goodwill recognized from the acquisition of shares in Bac Ngoc Investment Production Company Limited and Southern Investment and Production Joint Stock Company. Consolidated net revenue increased by 30.16% to VND 862.04 bn, with the cost of goods sold rising by 31.93% to VND 769.09 bn.

The company's financial statements for the first half of 2025 were reviewed by Vietnam Auditing and Valuation Company Limited and published on July 30, 2025.