Vietnam Forestry Corporation Joint Stock Company saw net profit plummet by 96%

Vietnam Forestry Corporation Joint Stock Company (Vinafor, UPCoM: VIF) reported a drastic 96% drop in net profit, falling to just VND 4 billion from VND 117 billion in the same period last year. While revenue increased by 27% to over VND 447 billion, this severe profit decline was primarily attributed by Vinafor to losses of VND 35.4 billion from its joint ventures and associates, a stark contrast to the VND 82 billion profit recorded in the corresponding period of 2024. Additionally, a significant increase in selling and administrative expenses also contributed to this unfavorable financial outcome.

Vietnam Forestry Corporation Joint Stock Company (Vinafor, UPCoM: VIF) reported a drastic 96% drop in net profit, falling to just VND 4 billion from VND 117 billion in the same period last year. While revenue increased by 27% to over VND 447 billion, this severe profit decline was primarily attributed by Vinafor to losses of VND 35.4 billion from its joint ventures and associates, a stark contrast to the VND 82 billion profit recorded in the corresponding period of 2024. Additionally, a significant increase in selling and administrative expenses also contributed to this unfavorable financial outcome.

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