AsemconnectVietnam - Victory Group Joint Stock Company (code PTL - HOSE) plans to establish a company owned by a subsidiary participating in the agricultural sector and will not participate in the capital increase of its subsidiary, VictoryCons Joint Stock Company.

Victory Group approved the policy of establishing a subsidiary directly under the main agricultural activities of VictoryCons Joint Stock Company.
According to research, VictoryCons Joint Stock Company was established on April 19, 2011; located at 354D Nguyen Xi, Binh Loi Trung Ward, Ho Chi Minh City; operating in the field of construction and real estate business; and the legal representative is Duong Minh Tri.
As of June 30, 2025, Victory Group owns 76.36% of the charter capital at VictoryCons.
In addition, although owning 76.36% of capital at VictoryCons, Victory Group also approved the policy of increasing charter capital at VictoryCons and at the same time refused the right to buy additional shares issued by VictoryCons in the capital increase, the Company will look for a partner to receive the right to buy.
Regarding business activities, in the first half of 2025, Victory Group recorded revenue of VND225.1 billion, an increase of 156.8% over the same period, the parent company's after-tax profit recorded a negative VND0.05 billion compared to the same period, negative VND27.94 billion, an increase of VND27.89 billion. In which, the gross profit margin decreased sharply from 53.8% to 18.7%.
During the period, although revenue increased sharply, due to a sharp decrease in gross profit margin, Victory Group still recorded a decrease in gross profit of 10.6% over the same period, corresponding to a decrease of VND4.98 billion to VND42.18 billion.
In addition, as of June 30, 2025, Victory Group still has an accumulated loss of VND587.2 billion, equal to 58.7% of charter capital (charter capital of VND1,000 billion).
In addition, currently, Victory Group shares are on the warning list of HOSE, because the undistributed profit after tax on the audited consolidated financial statements for the first half of 2025 is negative VND587.2 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan