Thanh Cong Textile and Garment (TCM): Profit after tax decreased by nearly 3% in August
Saturday, September 27,2025
AsemconnectVietnam - This information was recently announced by Thanh Cong Textile and Garment - Investment - Trade Joint Stock Company (code TCM) in the Company's August business activities newsletter.
In August 2025, the parent company's revenue reached VND325.3 billion, down 12% over the same period last year. After-tax profit in August 2025 reached VND24.1 billion, down nearly 3% over the same period in August 2024. In particular, the Company's textile and garment revenue comes from 3 main segments: garment products account for 73.6%, fabrics account for 19.7% and yarn accounts for 5.5% of total revenue.
Regarding export markets, in August 2025, the Asian market accounted for 72.06%, of which the Korean market accounted for 40.51%, the Japanese market accounted for 10.32%, and the Chinese market accounted for 6.77%. Next, the American market accounted for 24.62%, of which the US market accounted for 15.77%, and the Canadian market accounted for 8.49%. The European market accounted for 3.3%, of which the German market accounted for 1.54% and the UK market accounted for 1.26%.
In the first 8 months of 2025, TCM's net revenue reached VND2,485 billion, a slight decrease compared to the same period last year; but after-tax profit increased by 10% to VND209 billion.
Regarding the order situation, TCM has received about 60% of the revenue plan for orders in the fourth quarter of 2025. Enterprises expect the fourth quarter to be the time to prepare for the festival season and Tet in other countries. At the same time, the US has also announced reciprocal taxes for most major exporting countries to the US market, importers will also gradually stabilize their purchasing plans to prepare for the last months of the year.
With a reciprocal tax rate of 20% for Vietnamese goods exported to the US, including textiles and garments, the tax rate is considered to be more competitive than competitors in the same industry such as China and India. At the same time, textile and garment companies, including TCM, have been expanding their export markets to EU markets, CPTPP, RCEP markets, etc. to take advantage of the benefits brought by trade agreements.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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