An Gia Investment and Real Estate Development JSC (HOSE: AGG) reported a 15% year-over-year increase in net revenue to VND 194 billion in Q2, primarily driven by a significant surge in consulting services, which contributed over VND 45 billion, a more than 14-fold rise.
Source: AGG
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A substantial decrease in cost of goods sold resulted in a gross profit of over VND 165 billion, boosting the gross profit margin from 16% to 85%, the company’s highest.
| AGG’s Gross Profit Margin from Q1/2020 – Q2/2025 |
A 34% reduction in financial, selling, and administrative expenses, totaling VND 85 billion, enabled AGG to achieve a net profit of nearly VND 81 billion, triple that of the previous year.
For the first half of the year, net revenue was nearly VND 386 billion, and net income was close to VND 91 billion, representing decreases of 74% and 60%, respectively. The company has accomplished 48% of its revenue target and 27% of its net income goal for 2025, which are VND 800 billion and VND 340 billion, respectively.
 Source: VietstockFinance
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As of the end of Q2, AGG’s total assets decreased by 10% from the beginning of the year to nearly VND 6,313 billion. Inventory stood at nearly VND 605 billion, a 22% decline, with the largest portions attributed to the Westgate and Signial projects, amounting to over VND 264 billion and nearly VND 195 billion, respectively.
Total liabilities stood at over VND 3,086 billion, a 21% reduction. Financial debt accounted for 40% of total liabilities, amounting to VND 1,231 billion, a 13% decrease.
– 15:16 06/08/2025
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