Viet Nam Rubber Industrial Zone And Urban Development Joint Stock Company's profit after tax decreased by 68.7%, to VND 58.41 billion in 2024

Viet Nam Rubber Industrial Zone And Urban Development Joint Stock Company (VRG) is facing many difficulties. The company's Cong Hoa Industrial Park project is about to run out of leased land, while new expansion projects have not been approved by shareholders. This leads to a difficult business situation. In the fourth quarter of 2024, the Company recorded a decrease in revenue of 85.5%, to VND 75.88 billion; profit after tax decreased by 85.9%, to VND 27.97 billion. Accumulated in 2024, the Company recorded a decrease in revenue of 79.3%, to VND 113.59 billion, and profit after tax decreased by 68.7%, to VND 58.41 billion, completing 7.4% of the profit plan.

Viet Nam Rubber Industrial Zone And Urban Development Joint Stock Company (VRG) is facing many difficulties. The company's Cong Hoa Industrial Park project is about to run out of leased land, while new expansion projects have not been approved by shareholders. This leads to a difficult business situation. In the fourth quarter of 2024, the Company recorded a decrease in revenue of 85.5%, to VND 75.88 billion; profit after tax decreased by 85.9%, to VND 27.97 billion. Accumulated in 2024, the Company recorded a decrease in revenue of 79.3%, to VND 113.59 billion, and profit after tax decreased by 68.7%, to VND 58.41 billion, completing 7.4% of the profit plan.

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