Stocks fall 11% after more than 3 weeks, a company unexpectedly reports after-tax profit up 63% compared to pre-audit

The Consulting and Construction Electricity Joint Stock Company 2 (TV2) has just announced its reviewed semi-annual financial report for 2025, showing net revenue of nearly 516 billion VND. Notably, the after-tax profit reached over 33 billion VND, an increase of 63% compared to the self-audited report (20 billion VND). This discrepancy is explained by the establishment of a subsidiary at the end of April 2025. The company adjusted its consolidated financial report to accurately reflect its financial situation from the start of the investment in the associated company. This business result has allowed TV2 to achieve 60% of its after-tax profit plan for 2025. However, on the stock market, TV2’s stock has fallen 11% in over 3 weeks, trading at 36,600 VND per share. The company also recently won a bidding package for the O Mon IV Thermal Power Plant project, expected to bring in revenue of 3,300 billion.