On July 10, Hoang Quan Real Estate Consulting – Trading – Service Joint Stock Company (HQC) announced the closure of 5 branches in Ho Chi Minh City due to inefficiencies in operations. The company reported a net revenue of approximately 49 billion VND for Q1 2025, marking a 277% increase compared to the same period last year. However, a sharp rise in management costs resulted in a post-tax profit of just over 5 billion VND, unchanged from Q1 2024. For 2025, HQC aims for a revenue target of 1 trillion VND, primarily from the Golden City social housing project in Tay Ninh, with a net profit target of 70 billion VND. To support this plan, the company intends to issue 50 million shares to convert 500 billion VND of debt, raising its charter capital to about 6.266 trillion VND. The HQC share price at the end of trading on July 10 was 3,710 VND per share.
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