Many cement businesses escaped heavy losses and reported huge profits.

Many cement businesses overcame difficult times with huge profits in the first half of this year.

Cement enterprises have made a spectacular recovery in the second quarter of 2025 with soaring profits. For example, Vicem Ha Tien Cement Joint Stock Company (stock code HT1) witnessed a 145% increase in after-tax profit in the second quarter of 2025, reaching more than VND 112 billion. This is Vicem Ha Tien's highest profit in the last 12 quarters. The management explained that this was due to an 8.5% increase in cement consumption in the quarter compared to the same period last year as well as a decrease in cost of goods sold due to control of production costs and lower input raw material prices. This result also helped HT1 erase losses in the first quarter of this year and record a total profit for the first 6 months of 2025 of over VND 103 billion, 5 times higher than the same period last year.

Many cement businesses report soaring profits, escaping heavy losses

PHOTO: NGOC THANG

Vicem But Son Cement Joint Stock Company (stock code BTS) in the second quarter of 2025, although revenue decreased slightly, its after-tax profit dramatically reversed from a loss of VND 40 billion in the second quarter of 2024 to a profit of more than VND 12.4 billion. The company explained that due to a decrease in cost of goods sold and operating expenses, the profit turned positive. This result also helped Vicem But Son end a streak of 10 consecutive quarters of losses, and reduce the loss in the first half of the year to VND 16 billion instead of a loss of more than VND 95 billion in the same period in 2024.

Similarly, Bim Son Cement Joint Stock Company (stock code BCC) recorded a net profit in the second quarter of 2025, the highest in 12 quarters with more than VND 63 billion, 2.5 times higher than the same period last year. The result was thanks to increased revenue while cost of goods sold, financial expenses, and sales expenses were reduced. The extraordinary profit in the second quarter of 2025 also helped overcome the decline in the first quarter of 2025, thereby helping the company achieve a profit after tax of more than VND 5 billion in the first half of this year, an improvement compared to a net loss of nearly VND 23 billion in the first 6 months of 2024.

Another company, Vicem Hoang Mai Joint Stock Company (stock code HOM), also had an outstanding business quarter. Net revenue reached VND492 billion, equivalent to the same period last year, but after-tax profit in the second quarter of 2025 increased to VND7.34 billion, 23 times higher than the same period last year. This was thanks to the company starting to use alternative materials (tree bark, wood chips, common solid waste group I) to replace part of the coal dust in clinker production, increasing profits. Cumulative results for the first 6 months of this year, HOM achieved revenue of VND842 billion, a slight decrease compared to the same period last year, and after-tax profit reached nearly VND8 billion - a number that is outstanding compared to the loss of nearly VND40 billion in the first 6 months of 2024...

Source: https://thanhnien.vn/nhieu-doanh-nghiep-xi-mang-thoat-lo-dam-dia-bao-loi-nhuan-khung-18525081011081072.htm