According to its financial report released on 30/7, The Gioi Di Dong Joint Stock Company (MWG) recorded net revenue of over VND 95,200 billion, a nearly 29% increase. This revenue growth, coupled with better control of cost of goods sold and operating expenses, improved the gross profit margin from 20% to 21,6%. Consequently, net profit from business operations rose by 85% to VND 7,382 billion.

In addition to core operations, MWG's financial revenue reached VND 1,815 billion, up 24% year-on-year. Of this, interest from deposits, loans, and bonds contributed VND 1,692 billion, accounting for over 93%.

By the end of June, the company maintained nearly VND 48,630 billion in investments held to maturity, including bank deposits, loans, bonds, and other investments. This portfolio increased by nearly VND 4,000 billion compared to the beginning of the year.

For the six-month period, MWG reported an after-tax profit of VND 6,112 billion, marking a 91% increase year-on-year. In the second quarter alone, the company earned VND 3,355 billion in profit, doubling that of the same period last year.

This performance means MWG has completed over half of its revenue target and approximately two-thirds of its full-year profit goal. Earlier, at the shareholder meeting in April, many shareholders expressed concerns that Middle East tensions could increase costs and impact business operations. However, the leadership maintained its full-year revenue target of VND 185,000 billion and after-tax profit target of VND 9,200 billion.

On 30/7, MWG's stock price increased by 5% to VND 69,800. Previously, Chairman Nguyen Duc Tai registered to purchase one million MWG shares. Concurrently, HoSE approved the listing of nearly 1,27 billion shares of Dien May Xanh after this subsidiary completed its initial public offering (IPO), with 93% of the offered shares subscribed, attracting approximately 60 domestic and international investment funds.

Thi Ha