Most listed real estate companies have released their Q2/2025 financial reports, showing many firms with impressive profit growth. Leading the rise, An Gia Real Estate Investment and Development (AGG) reported a pre-tax profit of 105 billion VND, increasing by 4,009% year-on-year, with revenue reaching 194 billion VND, up 15%. First Real Estate (FIR) recorded a profit increase of 1,100% to nearly 19 billion VND, backed by a market recovery, achieving revenue of 43 billion VND, a rise of 205%. TTC Land (SCR) also attracted attention with 409 billion VND in revenue, 5.4 times higher than last year, with profit increasing by 392% to 45 billion VND. However, alongside these growth stories, some companies like Novaland incurred a loss of nearly 190 billion VND due to costs. Similarly, LDG Company reported a 118% increase in revenue but still lost 66 billion VND in Q2. The real estate market is expected to recover in 2025 with multiple new projects, although some companies are still struggling due to rising costs.
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