Nam Song Hau Oil and Gas Investment Trade Joint Stock Company (NSH Petro – PSH) recently reported a financial statement for Q2, showing a loss after tax of over 322 billion VND in the first half of 2025, making it the largest loss-making company, surpassing Novaland. In Q2, NSH Petro had no revenue, but due to decreased costs, it reported a loss after tax of only 158 billion VND, an improvement from the same period last year.
For the first half of the year, the company’s net revenue was only over 15 billion VND, down 97%, with a gross loss of nearly 4.7 billion VND. Cumulative losses amounted to nearly 831 billion VND. As of June 30, 2025, total assets reached 10,565 billion VND, primarily inventory, while total liabilities exceeded 10,085 billion VND.
NSH Petro is known as the largest fuel distributor in the Mekong Delta, owning 67 stores and 550 agents. The company has faced penalties for stock manipulation and its shares were delisted from HoSE. The current stock price is 1,700 VND/share.
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