Nam Long Investment Corporation (NLG) released its Q2 2025 financial report showing net revenue of 773 billion VND, a 3.1-fold increase year-on-year. Gross profit rose by 158% to 332 billion VND, but net profit fell 39% to 97.5 billion VND due to an 83% drop in financial revenue and a 185% increase in selling costs. In the first half of 2025, total net revenue reached 2,064 billion VND, with net profit increasing fourfold compared to last year. Nam Long aims for a total revenue of 6,794 billion VND for 2025. As of the end of Q2, total assets decreased by 7% to 28,214 billion VND, while inventory reached 17,902 billion VND, accounting for 63.4% of total assets. Total liabilities dropped by 11.1% to 13,995 billion VND. On July 24, a subsidiary of Keppel Land divested its 7.64% stake in NLG, no longer holding shares after this transaction.
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