Bim Son Cement reports increased net loss
According to the consolidated business results report for the first quarter of 2025, Bim Son Cement Joint Stock Company (coded: BCC on HNX) recorded nearly VND 771.6 billion in net revenue, up 11.9% over the same period last year. The main revenue came from cement and clinker business activities, amounting to nearly VND 768.5 billion.
After deducting the cost of goods sold of more than VND 746.8 billion, gross profit reached nearly VND 24.8 billion, down 17.6% compared to the same period.
In this quarter, financial expenses decreased by 17.9% compared to the first quarter of 2024, standing at nearly VND 8.3 billion; selling expenses also decreased by 8.3%, to over VND 42.1 billion. On the other hand, management expenses increased by 25.1%, to over VND 30.7 billion.
Illustrative image
As a result, Bim Son Cement reported a net loss after tax of nearly VND 60.4 billion, an increase of 21.5% compared to the same period last year.
As of March 31, 2025, Bim Son Cement’s total assets increased slightly by nearly VND 50 billion compared to the beginning of the year, to over VND 3,461.3 billion. Of which, fixed assets accounted for 72.7% of total assets, at over VND 2,517 billion; inventory was nearly VND 339.6 billion, down 23.2% and accounted for 9.8% of total assets.
On the other side of the balance sheet, total liabilities stood at over VND 1,744.9 billion, up 6.7% from the beginning of the year. Of this, loans and finance leases amounted to nearly VND 764.7 billion, accounting for 43.8% of total debt; short-term payables to suppliers were over VND 720.1 billion, accounting for 41.3% of total debt.
Vicem But Son and Vicem Ha Tien report improved net losses
According to the business results report for the first quarter of 2025, Vicem Ha Tien Cement Joint Stock Company (coded: HT1 on HoSE) recorded a 6.2% increase in net revenue over the same period last year, to over VND 1,586.8 billion. After deducting the cost of goods sold, gross profit reached more than VND 135 billion, up 30.6%.
During this period, the company did not recognize any other income, while in the same period last year, this amount was over VND 10.2 billion; financial revenue was over VND 3.5 billion, 6.3 times higher than the same period.
Selling and general administrative expenses increased by 6.2% to over VND 70.3 billion; financial expenses also increased slightly compared to the previous year.
After deducting taxes and other expenses, the company reported a net loss of nearly VND 9.2 billion, an improvement of 62.8% compared to the same period last year.
Illustrative image
As of March 31, 2025, Vicem Ha Tien’s total assets decreased slightly by 2.1% compared to the beginning of the year, to nearly VND 8,049.8 billion. Of which, cash and cash equivalents were nearly VND 657.1 billion; inventory was over VND 614 billion and construction in progress was over VND 543.4 billion.
On the other side of the balance sheet, total liabilities were over VND 3,183.6 billion, a slight decrease of 4.9% compared to the beginning of the year. Of this, short-term loans and finance leases amounted to over VND 1,506.2 billion, accounting for 47.3% of total debt.
Another ‘Vicem’ company, Vicem But Son Joint Stock Company (coded: BTS on HNX), recorded net revenue in the first quarter of 2025 of nearly VND 613.9 billion, up 19.2% over the same period last year.
After deducting the cost of goods sold of nearly VND 591.3 billion, the company’s gross profit was over VND 22.6 billion, while in the same period last year, this amount showed a loss of over VND 812 million.
In this quarter, financial expenses decreased by 17.3% compared to the same period, to over VND 17.2 billion; selling expenses also decreased from nearly VND 23.1 billion to VND 20.6 billion. On the other hand, the company’s financial expenses increased slightly by nearly VND 1.2 billion, to over VND 21.7 billion.
In addition, Vicem But Son also recorded other income of over VND 9.6 billion, down 10.3% compared to the same period.
As a result, Vicem But Son reported a net loss after tax of over VND 28.5 billion, an improvement of 48.6% compared to the loss of nearly VND 55.5 billion in the first quarter of 2024.
As of March 31, 2025, the company’s total assets increased by 4.7% compared to the beginning of the year, to over VND 3,239.8 billion. Of which, fixed assets accounted for 66.6% of total assets, at over VND 2,158 billion; inventory was nearly VND 521.7 billion; long-term assets under construction were over VND 136.1 billion.
Also, as of the end of the first quarter of 2025, total liabilities stood at nearly VND 2,202 billion, up 8.6% compared to the beginning of the year. Of this, short-term and long-term loans amounted to over VND 1,195.4 billion, accounting for 54.3% of total debt.
Yen Binh Cement reports increased net profit
Along with cement companies reporting net losses in the first quarter, Yen Binh Cement Joint Stock Company (coded: VCX on UPCoM) also announced its business results with relatively positive revenue and profit.
Accordingly, in the first quarter of 2025, Yen Binh Cement recorded net revenue of over VND 201.6 billion, up 10.6% over the same period last year. After deducting the cost of goods sold, gross profit reached nearly VND 14.5 billion, up 9.7%.
During this period, the company recorded financial expenses of over VND 4.6 billion, down 16.8% compared to the first quarter of 2024; selling expenses also decreased by 50%, to over VND 18.5 million. On the other hand, management expenses increased by 5% compared to the same period.
After deducting taxes and other expenses, Yen Binh Cement reported a net profit after tax of over VND 5.6 billion, up 39.3% compared to the same period last year.
In 2025, the company has planned its business with an expected revenue of VND 877 billion and a profit after tax of VND 24.1 billion. Thus, by the end of the first quarter of 2025, Yen Binh Cement has completed 23% of the revenue plan and 23.2% of the profit after tax plan.
As of March 31, 2025, Yen Binh Cement’s total assets increased by 5.6% compared to the beginning of the year, to nearly VND 624.9 billion. Of which, inventory was over VND 105.1 billion, up 43.9% and accounted for 16.8% of total assets; fixed assets were nearly VND 279.2 billion, accounting for 44.7% of total assets.
On the other side of the balance sheet, total liabilities stood at nearly VND 380.3 billion, up 7.9% from the beginning of the year. Of this, loans and finance leases amounted to nearly VND 289.7 billion, accounting for 76.2% of total debt.
Yen Binh Cement was established in 2003 and is headquartered in Yen Binh town, Yen Binh district, Yen Bai province.
As of the end of the first quarter of 2025, the company’s charter capital was VND 265.3 billion, equivalent to 26.53 million VCX shares circulating in the market. Of which, Northern Cement Trading Company contributed nearly VND 172.1 billion, equivalent to a 64.86% ownership rate of Yen Binh Cement.
