Revenue Surges Nearly 2,000%, Real Estate Company Reports Highest Profit in Q2/2025 Since Listing

According to the Q2/2025 financial report, Urban Industrial Development Corporation No. 2 (D2D) recorded revenue of 551.5 billion VND, a 1,908% increase compared to last year. Gross profit reached 282.4 billion VND, significantly up from 1.26 billion VND in Q2/2024. Revenue for the first six months was 643.54 billion VND, up 1,108% year-on-year, mainly due to land transfer revenue at Chau Duc Industrial Park. Net profit after tax in Q2/2025 was 206.82 billion VND, a notable recovery from a loss of 6.4 billion VND in the same period last year, marking the highest profit since the company was listed. Cumulatively, the first half profit reached 215 billion VND, compared to a 5.18 billion VND loss last year. D2D has completed 97% of its revenue target for 2025, signed a land lease transfer contract worth 246 billion VND at Chau Duc Industrial Park, and invested in establishing Sonadezi Khanh Hoa Corporation.

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