NLG – Profit margin is expected to expand thanks to the transfer of 15% of Izumi project shares
• Nam Long recorded net revenue in 6 months of VND 2,064 billion (+352% YoY), NPAT-MI reached VND 208 billion (+209% YoY), thanks to handover at key projects such as Akari, Southgate and Nam Long Can Tho; gross profit margin recorded 43% in Q2/2025.• Presales value in 1H2025 reached VND 3,334 billion, of which Q2 contributed up to VND 2,789 billion, led by Park Village (Waterpoint) subdivision and projects such as Can Tho, Akari, Mizuki, Izumi,...
• According to our estimates, Nam Long can record net revenue in 2025 of about VND 4,753 billion (-34% YoY) and NPAT-MI of VND 1,232 billion (up 1.3 times over the same period), in addition to the handover at key projects such as Waterpoint, Can Tho, Akari, also comes from financial revenue from the transfer of 15% of the Izumi project.
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