Hoang Anh Gia Lai (HAG, stock code HAG) recently announced its consolidated financial statement for Q1 2025, showing revenues of 1.39 trillion VND, up 12% year-on-year. Net profit reached nearly 341 billion VND, a 59% increase, equivalent to a daily profit of about 3.8 billion VND. The profit rise was mainly due to increased banana business performance. HAG’s Chairman, Doan Nguyen Duc, indicated that the price of bananas exported to China surged by over 10% in just a week, reaching 12.5 USD per ton amid US tariff tensions. HAG exports predominantly to China, South Korea, and Japan, avoiding the US market, thus insulated from the tariff impact. The company also benefits from the rising USD exchange rate, aiding export revenues. Currently, HAG has three main products: bananas, pork, and durians. As of March 31, 2025, total assets stood at approximately 23.48 trillion VND, with equity over 9.74 trillion and liabilities at 12.74 trillion, reflecting cumulative losses of nearly 83 billion VND.
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