HTC Holding reports significant loss, undergoes restructuring amid market volatility

HTC Holding Joint Stock Company reported a post-tax loss of VND 2,256,585,003 for the first six months of 2025, a sharp increase from the VND 173,901,569 loss recorded in the same period last year. This decline in performance is attributed to volatile raw material prices, which led to fewer small orders and a substantial drop in revenue.

The company is currently undergoing a business restructuring process and made provision adjustments based on auditor recommendations, contributing to a sharp rise in finance expenses. The unaudited profit after tax of VND 272,970,903 was adjusted to a post-audit loss of VND 2,256,585,003, reflecting a 726.68% difference due to these provision expenses.

Despite these challenges, the board of executive prepared the financial statements on a going concern basis, citing plans to expand domestic and international markets, strengthen receivables collection, and divest VND 49,000,000,000 from Diamond Investment Joint Stock Company to invest in new projects and business lines.