AsemconnectVietnam - Vietnam Sun Corporation (Vinasun, code VNS) has just announced its consolidated financial report for the second quarter of 2025 and the first half of the year with after-tax profit reaching more than VND24 billion, down 38% over the same period and completing 45% of the annual profit target.

According to the consolidated financial report for the second quarter of 2025, net revenue reached VND216.7 billion, down 14.4% over the same period. Thanks to the cost of goods sold decreasing more strongly than the decrease in revenue by nearly 19%, the company's gross profit increased by 6.6%, to VND46.7 billion.
This period, Vinasun's financial revenue decreased by nearly 10%, to only VND3.35 billion. Meanwhile, financial expenses increased by 55%, to VND8 billion. In addition, the Company also had to spend an additional VND17.6 billion on sales expenses and VND18.8 billion on business management expenses, down 5.9% and 8% respectively compared to the same period.
After deducting taxes and expenses, Vinasun reported a profit after tax of nearly VND10 billion, down 41% compared to the same period and also the lowest level of the Company in the past 14 quarters.
Accumulated in the first 6 months of the year, Vinasun's net revenue reached VND451.1 billion and profit after tax reached more than VND24 billion, down 15% in revenue and 38% in profit compared to the same period last year.
At the 2025 General Meeting of Shareholders, Vinasun approved a business plan with total revenue and income reaching approximately VND1,000 billion and total profit after tax reaching more than VND53.6 billion, down 7% and 36% respectively compared to 2024. With the achieved results, Vinasun has completed nearly 45% of the annual profit target.
As of June 30, 2025, Vinasun's total assets reached VND1,777 billion, down slightly by 4% compared to the beginning of the year. Accounting for 72% of the company's assets are fixed assets, including means of business. In addition, the Company has about VND270 billion in cash and bank deposits; VND90 billion in short-term receivables.
On the other side of the balance sheet, the total corporate debt is VND671 billion, down 5%. On the positive side, total debt and financial leases decreased by 13% to VND478.4 billion, but accounted for more than 70% of total debt.
N.Nga
Source: VITIC/Tinnhanhchungkhoan