Hanoi Investment General Corporation sees profit rise on coal, automotive strength

Hanoi Investment General Corporation reported a 37.2% increase in after-tax profit for the first six months of 2025, reaching VND 13.27 billion. This growth is primarily attributed to coal trading, which remains the core business, accounting for 98.6% of total revenue. Despite a 15-17% decrease in unit coal prices and a corresponding fall in service fee revenue, the volume of coal supplied increased due to stable operations at the Thermal Power Plant.

The company's financial activities saw a profit increase of VND 941 million compared to the same period last year. Strategic investments in the automotive business led to a VND 2.6 billion rise in sales expenses, primarily due to increased personnel and marketing costs. Additionally, other expenses decreased by VND 8.3 billion, further contributing to the overall profit growth.

The interim separate financial statements for the first half of 2025, along with the consolidated financial statements, have been reviewed and audited, respectively. The company confirmed that no significant events requiring adjustments or disclosures occurred after the reporting period.