Novaland Investment Group Corporation (HoSE: NVL) has published its financial statements for Q2 2025, showing a revenue of 1.937 trillion VND, a 22% increase year-on-year. However, it recorded a post-tax loss of 190 billion VND, although this is a significant improvement from the 6.726 trillion VND loss in the same period last year. Total consolidated revenue in the first half of 2025 reached 3.715 trillion VND, with sales revenue close to 3.423 trillion VND, an 81% year-on-year increase. The consolidated net profit after tax recorded a loss of 666 billion VND, an improvement from 7.327 trillion VND in the same period of 2024. As of June 30, 2025, the total assets of the group reached over 238.619 trillion VND, with 150.533 trillion VND in inventory. Total debt reached 61 trillion VND, with about 32 trillion VND maturing in the next 12 months. Despite completing many legal steps for projects like NovaWorld and Aqua City, Novaland faces challenges in raising capital and settling debts. The company will hold an extraordinary general meeting on August 7 to approve a plan to issue shares to restructure debt.
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