Cement Company Overcomes Losses to Report Profit Surge 27 Times, Stock Hits Ceiling

CTCP Xi măng Vicem Hoàng Mai (HOM) recently announced its Q2 2025 financial report showing a net profit of 7.3 billion VND, a staggering 27 times higher than the same period last year. This surge propelled HOM’s stock price to hit the ceiling at 4,600 VND on July 23. Despite declining revenue and rising costs, the company improved its gross profit margin from 14.5% to 18.3% by using new raw materials to replace coal. Specifically, the company began using tree bark and wood chips to partially replace coal, generating an additional 25.3 billion VND in profit. However, a decrease in domestic cement prices and a 40,000-ton drop in clinker production compared to last year negatively impacted profits. As of June 30, 2025, HOM had a cumulative loss of 87 billion VND and total assets of 1.486 trillion VND.