Quoc Cuong Gia Lai Joint Stock Company (Ticker: QCG) reported its Q4/2025 financial results with total revenue of 119 billion VND, down 75% year-on-year, primarily due to a significant decline in the real estate sector. However, thanks to asset liquidation, net profit reached 137 billion VND, doubling last year. Full-year revenue was 473 billion VND, down 35%, but pre-tax profit was 210 billion VND, falling short of the 300 billion VND target.
The company announced plans to divest from two affiliates, aiming to secure funds for debt repayment and investment in the Phuoc Kien project. Notably, loans from executives’ relatives and receivables exceed 230 billion VND. While total liabilities of nearly 4 trillion VND decreased, financial risks remain high due to halted transactions with Sunny Island. QCG promises to sell stakes to financially capable partners to ensure corporate interests.
Leave a Reply