NTC – Business results in 1Q2025 remain stable following the handover of the NTC3 project
• Business results in Q1 2025 remained stable, with revenue reaching VND 134 billion (+136% YoY) and profit after tax reaching VND 69 billion (+6% YoY), mainly thanks to the handover of land area in NTC3 Industrial Park by the one-time accounting method.• The large source of unrealized revenue (VND 3,515 billion), of which short-term unrealized revenue reached VND 392 billion (+176% QoQ), which is a solid basis for revenue recognition and profit growth in the remaining quarters of 2025.
• In the short term, uncertainty about the U.S. reciprocal tariff policy will not have a major impact on NTC's 2025 business results. However, in the long term, the tariff policy may impact the ability to sell the remaining land area in the NTC3 industrial park.
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