Vexilla Group's first-half profit surges despite revenue decline

Vexilla Vietnam Group Joint Stock Company has announced its Q2 2025 financial report, revealing a 358.8% increase in separate after-tax profit to 947,113,197 dong, up from 206,439,540 dong in the same period last year. This significant jump occurred despite a sharp 39.98% decrease in gross profit, which fell from 384,469,530 dong to 230,752,600 dong. The company’s net revenue from sales of goods and services also declined from 41,876,230,700 dong to 26,052,968,400 dong.

The impressive profit surge was primarily attributed to financial benefits from the divestment of certain investments, leading to a 342.86% increase in net profit from production and business activities to 1,189,618,807 dong. Consolidated financial statements also show a 595.97% increase in after-tax profit to 1,228,810,879 dong, with net profit from production and business activities rising by 577.17% to 1,549,505,735 dong, despite a 39.98% decrease in gross profit.

Vexilla operates in commercial trading and investment, with main activities including wholesale of agricultural, forestry, and metal products. It has one subsidiary, M&S Trading Joint Stock Company, and four affiliated units.