Fecon Plans to Issue 120 Billion VND Bonds in June

Fecon Corporation (stock code: FCN) will issue 1,200 bonds coded FCN12501 at a face value of 100 million VND per bond, raising a maximum of 120 billion VND on June 10th. The bonds have an 18-month term and will mature on December 10, 2026, secured by the company’s shares. In Q1 2025, Fecon reported a revenue of nearly 821 billion VND, a 34% increase from the same period last year. Its gross profit reached 131 billion VND, up 35%. Despite rising costs, the company reported a net profit of nearly 1.05 billion VND, a 56% increase. However, the profit after tax attributable to parent company shareholders was a loss of 6.6 billion VND, an improvement from a loss of 7.3 billion VND last year. As of March 31, 2025, Fecon’s total assets slightly increased to over 9,904.5 billion VND, with 41% represented by short-term receivables and 19.2% in inventories. Total liabilities amounted to nearly 6,546.7 billion VND, increasing by 3.3% since the beginning of the year.