Quốc Cường Gia Lai posted a third-quarter net loss of nearly 7 billion VND, its first loss since mid-2024 and its weakest result in two years, shortly after Nguyễn Thị Như Loan returned as CEO in place of her son. Q3 revenue was 27 billion VND, nearly five times lower than a year earlier, due to fewer apartment handovers and no electricity sales after the hydropower plants were transferred. Gross profit fell 91% to 4 billion VND, compared with a profit of over 24 billion VND in the same period last year. For the first nine months, revenue reached 107 billion VND, far below the full-year target of 2,403 billion VND, but after-tax profit was nearly 175 billion VND thanks to 243 billion VND in other income from the hydropower disposal. At end-September, total assets were nearly 8,200 billion VND, down about 550 billion VND from the start of the year, while liabilities fell from nearly 4,000 billion to under 3,300 billion VND.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Quốc Cường Gia Lai báo lỗ sau khi bà Như Loan trở lại 'ghế nóng'
Read the original on VnExpress ↗
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