Quang Ngai Sugar Joint Stock Company (QNS) has recently announced its Q2 2025 financial report showing net revenue of nearly VND 2,955.8 billion, up 4.8%. However, net profit decreased by 21% to nearly VND 546.1 billion due to high selling and financial costs. Although sugar production increased, sales fell due to weak market demand and competition from external products. Other sectors like mineral water, confectionery, and beer also saw revenue declines, while the dairy segment grew by nearly 7%. In the first 6 months of the year, net revenue decreased by 2.2% and profit after tax dropped 23.3%. As of June 30, 2025, inventory surged by 94% to nearly VND 2,567.7 billion, accounting for 17.4% of total assets. Total liabilities rose by 25.9%, with short-term loans making up 69.2% of total debts.
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