The largest private hospital system in the Northeastern mountainous provinces announces an unprecedented event

TNH Medical Group Company (HOSE: TNH) recently announced its Q1 2025 financial report, revealing a slight 1% increase in revenue year-on-year to 93.4 billion VND, but cost of goods sold surged 54% to 101 billion VND. The primary reason was the operation of the new TNH Vietnam Yen Hospital, which incurs significant start-up costs. Consequently, net profit after tax fell to -34.8 billion VND, marking the largest loss in the company’s history. TNH aims for expansion, planning to have 10 hospitals with 3,350 beds and handle 1.8 million patient visits annually by 2030. The company also received approval to raise the maximum foreign ownership ratio from 49% to 70%, aiming to attract more international investment.