Đại Quang Minh posts over VND 1 trillion in first-half net profit
Đại Quang Minh reported nearly VND 1.044 trillion in after-tax profit for the first half of 2026, 6.4 times the year-earlier level. By the end of June, its equity had more than doubled year on year, while total liabilities had risen nearly 49%. The company plans to start 42 projects this year.
Periodic financial information submitted by CTCP Đầu tư Địa ốc Đại Quang Minh to the Hanoi Stock Exchange shows that the company earned nearly VND 1.044 trillion in after-tax profit in the first half of 2026, 6.4 times the year-earlier level. Return on assets was 1.06%, compared with 0.29% a year earlier; return on equity was 2.21%, compared with 0.73%.
As of June 30, 2026, the company’s equity stood at VND 47.266 trillion, more than double the VND 22.392 trillion recorded a year earlier. Undistributed after-tax profit was approximately VND 8.481 trillion, up 66% year on year. Total liabilities were approximately VND 51.584 trillion, up nearly 49% year on year, including VND 19.697 trillion in bank loans and VND 1.5 trillion in outstanding bonds.
The company aims to generate VND 12 trillion in revenue in 2026, expects to spend more than VND 21 trillion on investment, and plans to start 42 projects and complete 12. A plan published by parent company THACO in February 2026 shows that its investments span urban real estate, transport infrastructure and industrial parks. Đại Quang Minh is also involved in metro projects and is advancing urban development and industrial park projects in Hanoi and Ho Chi Minh City.
The Ho Chi Minh City government recently decided to allocate four land plots in Functional Area No. 6 of the Thủ Thiêm New Urban Area to Đại Quang Minh as payment under the BT contract for the Thủ Thiêm 2 Bridge project, now known as Ba Son Bridge. The plots cover a total of 42,964 square meters. The relevant authorities will determine the land price, hand over the land on site and settle the contract. The company must fulfill the prescribed financial obligations and related conditions before it can apply for a land-use rights certificate.
Source: VietVance
