Cholimex (CLX) achieved VND104.9 billion after-tax profit, up 6.7% in the first half of the year
Tuesday, August 5,2025
AsemconnectVietnam - ChoLon Investment & Import-Export (code CLX) has just announced its consolidated financial report for the second quarter of 2025 with after-tax profit reaching VND55.5 billion, up 15.1% over the same period last year.
In the second quarter of 2025, Cholimex recorded net revenue of VND122.9 billion, down 7% over the same period. Although revenue decreased, thanks to a sharper decrease in cost of goods sold of 9.4%, the Company maintained gross profit at VND40.2 billion, only slightly down compared to the same period last year.
Financial revenue in the period increased by 27.3%, reaching VND2.9 billion; while financial expenses decreased by 32.2% to approximately VND3 billion. In addition, profit from associated companies reached VND35.3 billion, up 18.2% compared to the second quarter of 2024.
After deducting expenses and taxes, CLX reported a profit after tax in the second quarter of VND55.5 billion, up 15.1%.
In the first 6 months of the year, CLX's net revenue reached VND246.1 billion, down 4.2% over the same period last year. Thanks to reduced cost of goods sold and expenses, CLX's profit after tax in the first 6 months reached VND104.9 billion, up 6.7%.
At the 2025 shareholders' meeting, Cholimex approved a business plan with total consolidated revenue reaching VND662 billion and consolidated profit after tax reaching VND202 billion, both slightly increasing compared to 2024. With the achieved results, Cholimex has completed approximately 52% of the annual profit target.
As of June 30, 2025, Cholimex's asset size reached VND2,474 billion, up 3% compared to the beginning of the year. Of which, long-term assets accounted for nearly 87% of total assets, reaching VND2,146 billion. Cholimex is spending VND1,076 billion on long-term financial investments, accounting for 43% of total assets; investment real estate reached VND656.3 billion, accounting for 27% of assets. In addition, the Company has VND107.8 billion in cash and cash equivalents.
On the other hand, Cholimex still has VND633.3 billion in payables, up 8%, mainly from long-term unrealized revenue of VND458.7 billion, accounting for 72% of total debt.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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