Song Da 505 sees parent profit fall, consolidated profit rise in first half

Song Da 505 Joint Stock Company reported a parent company after-tax profit of VND44,719,715,269 for the first six months of 2025. This represents a decrease of VND20,504,658,285 compared to the same period in 2024. The decline is primarily attributed to a reduction in financial income, caused by lower loan balances, a decrease in interest rates, and lower distributed dividends.

In contrast, the consolidated after-tax profit for the first half of 2025 rose to VND68,984,886,914, an increase of VND12,609,039,990 from 2024. This growth in consolidated profit is mainly due to higher electricity generation revenue from the company’s subsidiaries. The interim separate financial statements, reviewed by AAC Auditing and Accounting Co., Ltd., indicate Song Da 505 operates five subsidiaries and two associates.

The company will distribute a 2024 cash dividend at a rate of 10% of charter capital (VND10,000,000,000). The shareholder list was finalized on July 7, 2025, with payment scheduled for July 31, 2025.