A company with only 75 employees reports a record profit of 18.6 trillion VND in Q1, surpassing the combined profit of TCB, Vietinbank, and SHB, with EPS over 89,000 VND

Vietnam Exhibition Center Joint Stock Company (VEFAC) announced its Q1/2025 financial results with a pre-tax profit of 18.6 trillion VND, exceeding the total profit of three major banks (TCB, Vietinbank, and SHB). Revenue reached a record 44.56 trillion VND, significantly increasing from 268 million VND in the same period last year, mainly due to the transfer of Vinhomes Global Gate project and a sharp rise in financial revenue. As of March 31, 2025, VEFAC’s total assets decreased to 40.137 trillion VND, while liabilities dropped to 21.245 trillion VND, boosting shareholders’ equity to 18.892 trillion VND. With only 75 employees, VEFAC achieved an EPS of 89,275 VND, up from 550 VND year-on-year.