CTCP Quoc Cuong Gia Lai (QCG) has announced its Q2 2025 financial report, showing that the company repaid 100 billion VND to Ms. Truong My Lan in relation to obligations with Sunny Island. The short-term payables have decreased to 2,782.8 billion VND at the end of Q2 2025. This payment came from Sunny Island’s transfer to Quoc Cuong Gia Lai in 2017 for the Phuoc Kien project, which was not completed, resulting in a dispute resolved at the International Arbitration Center. The court required the company to return 2,882.8 billion VND to Ms. Lan. Quoc Cuong Gia Lai has temporarily classified this amount as long-term liabilities in its balance sheet. The CEO proposed a repayment plan over two years, with potential for early repayment should funding be secured through divestments and sales from real estate projects. In Q2 2025, the company achieved revenue of 131 billion VND, and a net profit of 2.5 billion VND, showing improvement compared to a loss of over 17 billion VND in the same period last year.
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