AsemconnectVietnam - Southern Seed Company (stock code SSC) has just issued a document explaining that its half-year after-tax profit for 2026 after audit decreased by over VND121 million, corresponding to a decrease of over 19% compared to the company's self-prepared report.

Specifically, the company's self-prepared Q2/2026 financial report recorded after-tax profit for the first six months of the year at over VND631 million, while the after-tax profit for the half-year of 2026 in the audited report recorded over VND509 million, a difference of VND121.4 million.
The company explained that the 19.24% decrease in after-tax profit after audit compared to the self-prepared report is due to the audit recording additional deferred corporate income tax expenses arising in the half-year of 2026 based on the reassessment of temporary differences in accordance with Vietnamese accounting standards. As a result, in the first six months of this year, Southern Seed Company recorded audited revenue of VND106.8 billion, a decrease of 24.8% compared to the same period last year; after-tax profit reached over VND509 million, a decrease of 96.2% compared to the same period last year. The company stated that the main reason was the decrease in revenue leading to a decrease in profit.
As of June 30, 2026, the company had total assets of over VND546 billion, an increase of 7% compared to the beginning of the year. Equity reached nearly VND340 billion, of which undistributed after-tax profit as of the end of June 2026 was VND150.8 billion.
Liabilities recorded over VND206 billion, accounting for 37.7% of total capital, all of which were short-term liabilities.
Source: VITIC/Bao Tai chinh – Dau tu