Vincom Retail Joint Stock Company (VRE) has announced its financial results for Q1 2025, reporting after-tax profit of 1.177 trillion VND, up nearly 9% year-on-year. Total revenue reached over 2.131 trillion VND, down 5.5% from the previous year. Rental income from investment real estate was 2.026 trillion VND, an increase of 5.1%, while revenue from property transfer sharply fell to 48 billion VND. Gross profit decreased by 4% to 1.202 trillion VND. However, financial revenue surged by 44% to 625 billion VND, mainly due to investment earnings. On average, the company earns nearly 7 billion VND daily from deposits and loans. As of the end of Q1 2025, total assets reached 55.947 trillion VND, total liabilities decreased to 12.847 trillion VND, and equity increased to 43.100 trillion VND.
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