The Spectacular Journey of HAGL in Reducing Accumulated Losses: From a Peak of 6.3 Trillion to Just 83 Billion by Q1, Are Shareholders Set to Reap Great Rewards?

In the trading session on April 15, 2025, HAG shares of HAGL surged to 12,150 VND/share with a liquidity of over 9 million shares. The Q1 2025 financial results were favorable, with a net profit after tax increasing by 59% compared to the same period last year, reaching 340.7 billion VND. The net revenue grew by 11% to 1,380 billion VND, while financial costs decreased by 37% to only 109 billion VND due to a reduction in debt. Notably, the accumulated losses were cut down from 423 billion VND to just 83 billion VND, coming close to the goal of eliminating accumulated losses this year. Previously, HAGL recorded peak accumulated losses of 6.3 trillion VND in 2020. Chairman Doan Nguyen Duc promised to strive to eliminate the accumulated losses, stating that reducing debts will attract more investments. He hopes the company will completely clear its losses by 2025, offering a great reward to shareholders.