AsemconnectVietnam - SMC Investment and Trading Joint Stock Company (SMC - HOSE) recorded a profit of VND24.76 billion in the second quarter, bringing the cumulative profit for the first half of 2026 to VND41.98 billion, achieving 139.9% of the annual plan.

In the second quarter of 2026, SMC Investment and Trading recorded revenue of VND1,309.11 billion, a decrease of 32.9% compared to the same period; after-tax profit reached VND24.76 billion compared to a loss of VND81.17 billion in the same period, an increase of VND105.93 billion.
During the period, gross profit shifted from a loss of VND45.49 billion to a positive VND39.12 billion, an increase of VND84.61 billion. Financial revenue decreased by 59% year-on-year, equivalent to a decrease of VND 5.69 billion, to VND3.96 billion; financial expenses decreased by 43.8%, equivalent to a decrease of VND23.6 billion, to VND30.33 billion.
Also during the period, selling expenses decreased by 23.1%, equivalent to a decrease of VND4.35 billion, to VND14.51 billion; administrative expenses recorded a negative VND38.82 billion compared to a positive VND61.33 billion in the same period, a decrease of VND100.15 billion.
Thus, in the second quarter, SMC Investment and Trading generated a gross profit of VND39.12 billion, lower than both financial and selling expenses. The company's profit was mainly due to the negative recorded administrative expenses.
For the first half of 2026, SMC Investment and Trading recorded revenue of VND2,381.65 billion, a decrease of 37.3% compared to the same period last year; after-tax profit reached VND41.98 billion, compared to a loss of VND81.04 billion in the same period last year, a decrease of VND123.02 billion.
In 2026, SMC Investment and Trading plans for revenue of VND7,000 billion and after-tax profit of VND30 billion, representing decreases of 0.1% and 84.8% respectively compared to 2025.
Thus, ending the first half of 2026 with after-tax profit of VND41.98 billion, SMC Investment and Trading has completed 139.9% of its annual plan.
In terms of asset size, as of June 30th, SMC Investment and Trading's total assets decreased by 19.2% compared to the beginning of the year, equivalent to a decrease of VND854 billion to VND3,599.7 billion. Of this, the main assets were VND739.7 billion in fixed assets, accounting for 20.5% of total assets; VND692 billion in long-term receivables, accounting for 19.2% of total assets; VND488.9 billion in other short-term assets, accounting for 19.2% of total assets; VND582.7 billion in short-term receivables, accounting for 16.2% of total assets; VND349.4 billion in inventory, accounting for 9.7% of total assets; and VND327.1 billion in long-term work-in-progress, accounting for 9.09% of total assets…
Regarding the financial investment portfolio, in the first half of the year, SMC Investment and Trading divested its loss-making investment in HBC shares. Specifically, this is a receivable that has been converted into shares due to the partner's cash flow difficulties, with an original cost of VND104.8 billion and a provision of VN 37.2 billion at the beginning of 2026.
Furthermore, SMC Investment and Trading also explained that short-term bad debt is VND289.97 billion, with a provision of VND121.7 billion.
In addition, regarding capital sources, as of the end of the second quarter, the total short-term and long-term borrowings of SMC Investment and Trading decreased by 36.5% compared to the beginning of the year, equivalent to a decrease of VND747.46 billion, to VND1,301.74 billion, which is 124% of total equity.
Source: VITIC/Bao Tai chinh – Dau tu