Vicostone reports nearly 20% decline in net profit for Q1

Vicostone Corporation (stock code: VCS) has announced its Q1/2025 financial results, with revenue of over 1.018 trillion VND, a decrease of 5.2% year-on-year. Gross profit was approximately 245.9 billion VND, down 15.1%. Financial revenue amounted to 23.4 billion VND, an increase of 26%, while financial costs rose 19.2% to over 13.7 billion VND. Profit before tax reached 196.2 billion VND, down 19.5%, and net profit was nearly 164.6 billion VND, a 19.6% decline. For 2025, Vicostone aims for a consolidated revenue of 4.719 trillion VND and profit before tax of 975 billion VND, an increase of 9.2% and 2.3% from 2024. As of March 31, 2025, total assets increased slightly to 6.470 trillion VND, with cash and equivalents at 1.772 trillion VND, making up 27.4% of total assets. Inventories totaled over 1.641 trillion VND, down 11.5%, while total liabilities stood at nearly 1.215 trillion VND, a 10.5% decrease.