VIMID, a joint stock company specializing in car trading with ticker VVS, has announced its Q2 2025 financial report showing a net revenue of 2.078 trillion VND, up 98.4% year-on-year. The company’s net profit after tax reached over 55 billion VND, surging 375%, driven by increased public investment and demand for freight transport. Financial revenue rose by 35% to nearly 32 billion VND, while financial costs decreased by 10%. VIMID successfully reduced debt by prepaying high-interest loans, lowering interest expenses. For the first half of 2025, total revenue reached 3.214 trillion VND, a 74% increase, with a net profit after tax soaring by 306%. As of June 30, 2025, total assets stood at 3.922 trillion VND, a 69% rise. The company focuses on selling medium and heavy trucks, importing mainly from China. VVS shares hit a ceiling price of 24,100 VND per share on July 21.
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