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After Q1 2026, Vimico (Vinacomin Minerals Corporation), ticker KSV, reported net revenue of over 5,233 billion VND, up 71% year-on-year. Cost of goods sold increased 60%, slower than revenue growth, enabling gross profit of 1,329 billion VND and a gross margin of 25%.
Financial income reached over 5 billion VND, up fivefold compared with the same period last year. Financial costs and selling expenses declined 31% and 13%, respectively. Administrative expenses rose 7% to over 151 billion VND.
Net profit after tax was 897 billion VND, up 186% year-on-year, representing a record high since operations began.
Vimico set 2026 targets of revenue at 13,841 billion VND and pre-tax profit at 2,042 billion VND. By the end of Q1 2026, the company had achieved 38% of the revenue target and 55% of the pre-tax profit target.
The company attributed its net profit growth mainly to higher average selling prices for its main products, including copper, gold, silver, magnetite concentrate, and zinc ingots.
As of 31/3/2026, Vimico reported total assets of 11,903 billion VND, equity of 6,361 billion VND, and undistributed profits of 3,445 billion VND.
On the stock market, KSV shares traded at 151,300 VND per share, with a market capitalization of 30,260 billion VND, up 53% from the start of the year.
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