According to the second quarter financial report, as of 30/6, Kinh Bac City's total assets increased by 57% in the first half of the year and by more than 16,000 billion VND after one quarter. This makes the company the third largest by total assets on the stock exchange, surpassing Becamex IDC.

Inventory accounts for the largest proportion (34%) of Kinh Bac City's asset structure, reaching 23,761 billion VND, an increase of nearly 10,000 billion VND after six months. Cash and cash equivalents increased by 176% over six months, to 18,139 billion VND. The company deposited this money in banks, earning 295 billion VND in interest after six months.

As the company's capital improved, its debt also increased. At the end of the second quarter, Kinh Bac City's total financial debt was more than 26,000 billion VND, 2.6 times higher than at the end of last year. The company's equity reached 25,697 billion VND, of which undistributed after-tax profit was 5,993 billion VND.

Regarding business performance, Kinh Bac City brought in 579 billion VND in revenue, a 35% decrease compared to the same period last year. However, the company's cost of goods sold was recorded at -9 billion VND, resulting in a gross profit of 588 billion VND, a 27% increase.

Financial operating income improved from 109 billion VND to 164 billion VND. Financial expenses increased by 107% compared to the same period last year, but selling and administrative expenses decreased.

As a result, Kinh Bac City's after-tax profit reached 399 billion VND, a 46.7% increase compared to last year. Earnings per share (EPS) increased from 314 VND to 510 VND.

Over six months, the company achieved 3,695 billion VND in revenue and 1,248 billion VND in after-tax profit, 3.5 times and 6.4 times higher than the first half of last year, respectively. Increased revenue is the main reason for the company's improved profit compared to the same period.

Trong Hieu