Bac Kan Mineral doubles share capital, reports strong profit growth

Bac Kan Mineral Joint Stock Corporation (HNX:BKC) announced its semi-annual financial statements for 2025, revealing a substantial increase in outstanding shares from 11,737,728 to 23,475,456. This follows a resolution from the annual general meeting on June 18, 2025, to issue shares to increase capital from owner's equity, sourcing from undistributed profit after tax, share premium, and a development investment fund. The company is currently in the process of listing the newly issued shares and updating its Enterprise Registration Certificate.

For the period ended June 30, 2025, Bac Kan Mineral reported a net profit after corporate income tax of VND 12,651,885,300, a significant rise from VND 3,756,047,597 in the same period of 2024. Total assets grew to VND 496,612,934,470 from VND 428,046,906,095 at the beginning of the year. This growth was partly driven by an increase in current assets, including a VND 70,000,000,000 short-term loan receivable, which was fully repaid with interest by August 27, 2025.

The company also noted total revenues from sales and services rendered of VND 121,422,240,635 for the first half of 2025, down from VND 162,501,296,222 in the previous year's comparable period. Financial income, however, saw a boost, reaching VND 5,842,832,996 from VND 1,813,310,862. The interim separate financial statements were reviewed by CPA VIETNAM Auditing Company Limited.