Lamdong Irrigation reports record profits in Q2, up 120% year-on-year

Lamdong Irrigation Construction Investment JSC (LHC) has announced its consolidated financial report for Q2 2025, with a net revenue of VND 427 billion, an increase of 29% compared to Q2 2024. The gross profit margin improved from 20% to nearly 28%, resulting in a gross profit of nearly VND 118 billion, up 79%. Pre-tax profit reached VND 74 billion, up 120% year-on-year, and net profit was VND 60.5 billion, 2.3 times last year. Cumulatively, in the first half of the year, LHC reported net revenue of nearly VND 742 billion and pre-tax profit of VND 134.5 billion, increases of 39% and 103% compared to the first half of 2024. In 2025, LHC aims for a net revenue of VND 1,190 billion and pre-tax profit of VND 159 billion. By the end of Q2, total assets stood at VND 1,242 billion. LHC’s shares reached a peak of VND 86,500 each, up 20% since July.