Investment and Construction JSC No.18 reports profit surge despite revenue dip

Investment and Construction Joint Stock Company No.18 (LICOGI 18) announced a substantial 198.12% increase in post-tax profit for the first six months of 2025, reaching VND 41,437.72 million, up from VND 13,899.52 million in the same period of 2024. This significant rise occurred despite total revenue and income decreasing by 20.02%, from VND 577,715.80 million in 2024 to VND 462,067.46 million in 2025.

The company attributed the improved profit to revenue from real estate business and investment activities in Q2 2025, alongside reduced selling and financial expenses. Total expenses decreased from VND 563,816.28 million in 2024 to VND 420,629.74 million in 2025.

This information is based on LICOGI 18's separate financial statements for the second quarter of 2025, reviewed by CPA VIETNAM Auditing Company Limited and disclosed on August 29, 2025.