AsemconnectVietnam - Tasco Joint Stock Company (HUT) recorded a positive business picture in the first quarter of the year, maintaining growth momentum in most core areas, from automobile distribution and insurance to smart transportation services.

According to the company's published data, in Q1 2026, Tasco recorded consolidated revenue of VND11,030 billion, an increase of 58% compared to the same period last year. Gross profit from sales and services reached VND1,227 billion, an increase of 65% compared to the same period. Consolidated after-tax profit reached VND53.8 billion, an increase of 45% compared to the same period.
The growth results stem from consistent improvements in key business areas. Specifically, VETC's distribution and automotive services, insurance, non-stop toll collection services, and digital ecosystem achieved growth rates of 136%, 210%, and 177% respectively compared to the same period last year. In addition, the quarterly report also noted initial contributions from the clean water and manufacturing sectors after Tasco merged with DNP Holding as a subsidiary from December 2025.
In the Q1 revenue structure, the automotive distribution segment continued to be a pillar of Tasco, recording revenue of VND7,600 billion, a 36% increase compared to the same period in 2025. Of this, the Geely EX2 and EX5 EM-i new energy vehicles delivered 570 units and received approximately 1,500 deposits.
In the smart transportation sector, VETC continued to record positive growth. In Q1 2026, revenue from this service segment reached VND224 billion, a 77% increase year-on-year. The company is accelerating the transformation of VETC into a digital service center within the Tasco ecosystem.
In Q1 2026, the insurance segment recorded revenue of VND583 billion, a 210% increase year-on-year. The company stated that its development strategy focuses on digitizing the entire service journey, from policy issuance and assessment to claims processing, thereby optimizing operational efficiency and enhancing customer experience.
In the essential services investment group, the clean water sector recorded revenue of 114% year-on-year. This segment is expected to continue growing as new projects come online in 2026.
Simultaneously, traditional manufacturing sectors also showed positive signs, especially in March when international orders increased. The building materials segment achieved a growth rate of 168%, while the packaging and household goods segment reached 121% year-on-year.
According to the company, the Viet Tri Legacy Lakeside real estate project, comprising 92 high-end villas, has completed land leveling and is currently under construction according to schedule. The project is expected to be launched for sale in 2026 and contribute to revenue and profit in the current fiscal year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan