An Giang Import Export Joint Stock Company (Angimex) faces significant losses in Q1 2025

An Giang Import Export Joint Stock Company (Angimex - AGM) reported its lowest historical net revenue in Q1 2025, falling to less than VND 21 billion, a 64% drop year-on-year. This sharp decline is primarily due to the deconsolidation of divested subsidiaries. As a result, Angimex posted a loss of nearly VND 19 billion, marking its sixth consecutive quarter of losses. By the end of March 2025, Angimex's accumulated losses reached VND 482 billion, pushing its owner's equity to a negative VND 300 billion. The company's struggles began following controversies after the Louis Holdings incident.

An Giang Import Export Joint Stock Company (Angimex - AGM) reported its lowest historical net revenue in Q1 2025, falling to less than VND 21 billion, a 64% drop year-on-year. This sharp decline is primarily due to the deconsolidation of divested subsidiaries. As a result, Angimex posted a loss of nearly VND 19 billion, marking its sixth consecutive quarter of losses. By the end of March 2025, Angimex's accumulated losses reached VND 482 billion, pushing its owner's equity to a negative VND 300 billion. The company's struggles began following controversies after the Louis Holdings incident.

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