According to a statement from the Ho Chi Minh City Stock Exchange (HoSE), the Board of Directors of Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, code: SBT) has decided to appoint a senior executive.

Accordingly, Mr. Nguyen Duc Hung Linh has been appointed as Deputy General Director of the company’s Board of Management from August 1, 2025, to July 31, 2026.

Mr. Linh’s duties and responsibilities are assigned in accordance with the company’s regulations.

Illustration: SBT

Regarding personnel matters, previously, SBT had decided to reappoint Mr. Thai Van Chuyen as General Director from July 29, 2025. The appointment term is 36 months.

The company also reappointed Ms. Nguyen Thi Phuong Thao and Mr. Tran Quoc Thao as Deputy General Directors, with a 36-month term.

In terms of business performance, the consolidated financial statements for the fourth quarter of the 2024-2025 fiscal year showed a decrease in profit after tax of VND 26 billion, or 11%, compared to the same period last year.

The company attributed this decline to the volatile global economic landscape, which dampened domestic and international consumer demand. Notably, export markets were impacted by new tax policies from the United States and weakened purchasing power from China, resulting in a significant 28% drop in net sales revenue, equivalent to VND 2,630 billion. Consequently, gross profit also decreased by VND 376 billion.

However, the company optimized its investment portfolio to enhance profitability. By capitalizing on the downward interest rate trend, borrowing costs were reduced by 10% year-over-year. Notably, a 34% decrease in management expenses reflected positive improvements in governance and operations.

Profit after tax for the fourth quarter of the 2024-2025 fiscal year on the separate financial statements decreased by VND 12 billion, or 21%, compared to the same period last year, mainly due to the company’s core business operations being impacted by the overall market conditions, resulting in a 35% decline in net revenue from production and business activities compared to the previous year.

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