According to the Hanoi Stock Exchange (HNX), Ba Na Cable Car Services Joint Stock Company has announced positive financial results for the first half of 2025.
Ba Na Cable Car records nearly VND 1,000 billion in pre-tax profit
In the first half, the company reported a pre-tax profit of approximately VND 1,000 billion and an after-tax profit of over VND 846 billion, a significant increase compared to the same period in 2024. The after-tax profit margin on equity reached 9.3%, up from 5.6% a year earlier.
Ba Na Cable Car attributed the profit increase to the stable gross profit margin from its core business operations.
As of June 30, the company’s equity increased by nearly 26% compared to the end of 2024, reflecting its strengthened financial position.
Another highlight was the significant reduction in bond debt, lowering the bond debt-to-equity ratio to 0.32 times. Liquidity ratios also showed marked improvements. The current ratio stood at 2.24 times, up from 1.46 times in the previous year, indicating the company’s proactive management of working capital and strong short-term financial obligations.
Ba Na Cable Car’s substantial profits
Commencement of a VND 52,000 billion complex at Ba Na – Suoi Mo
In late August, alongside its financial performance, the company commenced the second phase of a hotel and entertainment complex at Ba Na, with a total investment of VND 52,000 billion.
The Ba Na – Suoi Mo Ecotourism and Urban Area covers 806 hectares in two communes of Hoa Vang district, Da Nang city. It comprises the Suoi Mo eco-urban area at the foot of the mountain and the tourist area at the peak of Ba Na.
This phase will include a 5-star hotel complex with 2,500 rooms, an entertainment area, a multi-purpose performance hall, an indoor theme park, and a convention center. The company has also initiated the construction of the Ba Na Cable Car Line 9, with a one-way length of 5.9 km, consisting of 154 cabins and a transportation capacity of 2,900 passengers per hour.
With positive financial results and the development of a large-scale project, Ba Na Cable Car continues to affirm its position as a leading tourism and service enterprise, possessing significant growth potential in the coming years.
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