COTECCONS ANNOUNCES Q2 FINANCIAL RESULTS: Revenue surges 2.4 times after three years of restructuring International market contributes to revenue sources Ho Chi Minh City, January 24, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has officially announced financial results for the second quarter (Q2FY2025) and the first half of the fiscal year 2025 (H1FY2025). These results reaffirm the company’s position as an “industry leader” in Vietnam’s construction sector amidst ongoing challenges in the economy and real estate market. Coteccons has started the new fiscal year with remarkable progress, recording revenue from two major international markets—the United States and Cambodia—paving the way for sustainable global growth. Q2FY2025 Revenue Nearly Matches the Combined Annual Revenue Before Restructuring In Q2FY2025, Coteccons achieved consolidated revenue of VND 6,886 billion, a 21.6% increase year-over-year (YoY). For the first half of FY2025, total revenue reached VND 11,645 billion, up 19% YoY, fulfilling 46.6% of the annual business target set at the 2024 Annual General Meeting (AGM). Gross profit for Q2FY2025 was VND 202 billion, a 19.1% increase YoY. Cumulatively, the company recorded VND 407 billion in gross profit for the first half of FY2025, a 51.1% rise YoY. Gross profit margins for Q2FY2025 stood at 2.93%, consistent with the same period last year, while the six-month gross margin was 3.49%, higher than in FY2024. Notably, Q2FY2025 net profit after tax (NPAT) was VND 106 billion, up 53.7% YoY, marking a return to triple-digit profitability since Q3FY2024. For the first half of FY2025, NPAT totaled
- January 24, 2025