Real estate companies ‘overcoming hardships’ thanks to financial revenue

In Q2/2025, some real estate companies recorded profits thanks to financial revenue. Bà Rịa – Vũng Tàu Development Joint Stock Company (Hodeco) saw its net revenue decrease by 53% to over 80 billion VND, but financial income from selling shares amounted to nearly 72 billion VND, resulting in a net profit of nearly 58 billion VND, up 15%. CEO Group reported a net revenue increase of 8% to 421 billion VND, with net profit rising 118% to 39 billion VND due to cost savings. Conversely, Hoang Quan Real Estate Consulting and Trading JSC recorded a negative net revenue of nearly 11 billion VND due to returned goods, but nearly 29 billion VND in financial revenue allowed the company to gain a profit of 4.9 billion VND. Từ Liêm Urban Development JSC (Lideco) avoided losses thanks to nearly 21 billion VND in financial revenue from securities investment. However, most of these companies have yet to achieve their revenue targets for 2025.