Quoc Cuong Gia Lai JSC (QCG) recently held its annual general meeting in 2025, announcing a revenue target of 2 trillion VND and a pre-tax profit of 300 billion VND, significantly increasing from 2024. CEO Nguyen Quoc Cuong stated that the company plans to change its name for better partner connection. In Q1 2025, QCG recorded a revenue of 111 billion VND, up 188% year-on-year, with real estate contributing 79.8 billion VND. Although it reported a profit of 72 billion VND in 2024, QCG faces challenges with receivables related to a high-rise project and skepticism from auditors about its ongoing viability. The company has long-term assets but high short-term debts, mainly due to a 2.882 trillion VND debt. QCG is cautious about borrowing to maintain operations, currently exploring funding options for projects when legal conditions are met. To meet its revenue goals, the company plans to divest from some hydropower projects and is considering partners for the Phuoc Kien project.
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