Superdong Kien Giang Joint Stock Company (SKG) reported revenue of over 138 billion VND in the second quarter of 2025, an increase of nearly 10% compared to the same period in 2024, according to its recent financial report. The company's management attributed this success to its strategy of optimizing operations and implementing tourism stimulus programs.

Revenue from the Ha Tien - Phu Quoc route recovered and grew by 25%. The Rach Gia - Nam Du route saw a 14% increase, Rach Gia - Lai Son increased by 16%, and Phan Thiet - Phu Quy rose by 8%. The remaining routes also showed slight improvement. This growth was further supported by favorable seasonal factors, contributing to increased efficiency.

A Superdong high-speed ferry in operation. Photo: SKG

A Superdong high-speed ferry in operation. Photo: SKG

While core business operations experienced strong growth, financial revenue decreased by almost 35% to nearly 3.2 billion VND due to lower interest rates on deposits. Sales and administrative expenses also increased slightly, mainly due to personnel, management, and agent commission costs. Cost of goods sold rose by just over 1% thanks to cooling oil prices.

Overall, Superdong Kien Giang's after-tax profit was over 33.8 billion VND, an increase of approximately 23.5% compared to the same period last year. This is the highest profit level in the past two years.

For 2025, SKG aims for nearly 418.3 billion VND in revenue and close to 35.7 billion VND in after-tax profit, representing increases of nearly 10% and 5%, respectively, compared to 2024. After the first six months, the company has already achieved almost 60% of its revenue target with about 249 billion VND. Notably, it has surpassed its profit target by 39%, recording an accumulated profit of approximately 49.5 billion VND for the first half of the year.

During the annual general meeting in early April, the management board assessed 2024 as one of the most challenging years in over two decades of operation. Superdong believes 2025 will be a pivotal year, marked by signs of recovery in the tourism sector.

The company plans to invest in modern high-speed ferries and exploit new routes like Tho Chu to expand its market share. From last year to the present, they have converted four Superdong high-speed ferries. Additionally, the company aims to develop logistics services at ports, including food and beverage, accommodation, and entertainment, to optimize revenue streams.

Tat Dat