In its periodic financial report to the Hanoi Stock Exchange, Thanh Thanh Cong Investment Joint Stock Company (TTC Group) reported a first-half after-tax profit of approximately 523 billion VND, five times higher than the same period last year. This substantial profit increased undistributed after-tax earnings to 1,543 billion VND.

TTC Group's profitability indicators improved significantly. Return on total assets rose from 0.4% to nearly 1.9%, while return on equity jumped from 1.6% to almost 8.1%.

As of the end of June, TTC Group's equity stood at nearly 6,500 billion VND. The company's debt exceeded 21,200 billion VND, including over 7,800 billion VND in bank loans and around 1,630 billion VND in bond debt. The company has 7 outstanding bond lots with interest rates ranging from 7.25% to 11% per year.

TTC Group was established in 1979 as an alcohol production facility with a charter capital of 100 million VND. Today, it is a multi-sector conglomerate with over 120 subsidiaries across six main business areas: agriculture, energy, real estate, industrial park real estate, tourism, and education. Four of its member companies are listed on the stock exchange: SBT, GEG, SCR, and VNG.

TTC Group was founded by Dang Van Thanh and Huynh Bich Ngoc. Mr. Thanh is currently the Chairman of the group, while Ms. Ngoc is the General Director. Mr. Thanh is also known for founding and serving as Chairman of the Board of Directors of Sacombank for 17 years (1995-2012).

Phuong Dong