Hanoi Drainage One Member Co., Ltd. operates the drainage system in the capital - Photo: PHAM TUAN
According to the 2025 semi-annual financial report, Hanoi Drainage One Member Co., Ltd. achieved revenue of more than 447 billion VND, a slight increase of 2% over the same period in 2024.
After deducting the cost of goods sold, the company's gross profit was nearly VND36.5 billion, up nearly 23% over the same period. However, this period, both business management and sales costs increased, and interest expenses appeared while there was none in the same period.
As a result, Hanoi Drainage Company achieved pre-tax profit of nearly VND20.2 billion, up nearly 13% over the first half of last year. After paying corporate income tax of VND4.1 billion, after-tax profit reached more than VND16 billion.
Data: Financial statements
According to the report, Hanoi Drainage One Member Co., Ltd. is headquartered in the old Hai Ba Trung district, established by the Hanoi People's Committee in January 1993, and converted to a single-member LLC model in 2005. The charter capital of this enterprise is 459 billion VND.
In addition to the business results, the financial report also mentioned the handling of the inventory of Redoxy-3C products that expired in October 2024. Although they have expired, this batch of materials has not been handled yet.
The company said it had reported to the Hanoi People's Committee and relevant departments and agencies many times, requesting a solution. However, up to the time of preparing this financial report, it had not yet received specific instructions.
According to the regulations in the circular of the Ministry of Finance , the enterprise has set aside a provision for inventory price reduction for this shipment with a value of 943.7 million VND.
In addition, the company also set aside a provision for doubtful debts for an advance payment of VND 11.16 billion, equivalent to 30% of the contract value (VND 37.2 billion), related to the purchase of 110 tons of Redoxy-3C products from Arktic Trading and Service Company signed in 2020.
Due to objective factors, the lake pollution treatment has been temporarily suspended since August 2020, which has directly affected the implementation of the contract to purchase chemicals with Arktic Company. As of the time of the report, this advance payment has not been recovered.
Source: https://tuoitre.vn/cong-ty-thoat-nuoc-ha-noi-thu-hang-tram-ti-nua-dau-nam-20251005150908992.htm
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