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According to Coteccons Joint Stock Company’s consolidated financial statements for the fiscal period from January 1, 2026 to March 31, 2026, the company reported net revenue of more than VND 6,409 billion in Q3 2026, up 28.12% year on year. Net profit reached nearly VND 119 billion, increasing 108% from VND 57 billion in Q3 2025.
For the nine months ended March 31, 2026, Coteccons recorded net revenue of VND 23,868 billion and net profit of VND 641.6 billion.
To explain the sharp rise in results, Coteccons said that, in addition to expanding construction revenue, it improved its gross profit margin to 4.48% in the period, up 1.36 percentage points compared with the same period.
The company also used provisions for “Contracts with significant risk” of more than VND 52 billion and reversed inventory devaluation allowances totaling VND 13.6 billion. Coteccons stated these items helped offset increases in labor and material costs, supporting cost of goods sold from rising sharply when labor or material prices fluctuate.
These reversals were booked directly into cost of goods sold in the period, thereby increasing gross profit.
As of March 31, 2026, Coteccons reported total assets of VND 34,686 billion. The company held cash and short-term financial investments (primarily bank deposits) of over VND 6,100 billion.
During the period, Coteccons completed a private placement of 14 million bonds to the public, raising VND 1,400 billion. The bonds carry a fixed interest rate of 9% per year with a 3-year term. The issuance is a secured bond listed on the Hanoi Stock Exchange.
In February 2026, Coteccons was approved to increase charter capital to VND 1,087 billion by issuing shares to existing shareholders.
The financial statements also show Coteccons establishing subsidiaries across key markets. As of the end of Q3 2026, the group owned 18 subsidiaries operating in Singapore, the United States, Kazakhstan, Saudi Arabia, India, and Cambodia.
Beyond civil and industrial construction, Coteccons is expanding into supporting services and technology areas, including Electrical, Mechanical and Aluminum Glass (via subsidiaries UGVN and Sinh Nam Facade), software (VN Solutions, specializing in software production and programming), and M&A (currently completing the acquisition of GEO Foundations Vietnam to diversify infrastructure construction capabilities).
After the end of Q3, the board continued to approve plans to issue more than 5.3 million additional shares to increase equity from retained earnings. After the issuance, the company’s charter capital is expected to rise to more than VND 1,140 billion.
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