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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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The Vietnamese pig farming industry is supported by a large, steady demand base, but it remains highly volatile due to price cycles and disease risks. As smallholder farming shrinks and large enterprises play a bigger role, companies with stronger control over the value chain are better positioned to manage costs…
According to the 2025 financial statements submitted to the Hanoi Stock Exchange (HNX), Saigon Glory Co., Ltd. posted net profit after tax of 1.51 trillion dong for 2025. This result marks a major turnaround from a net loss of about 15.94 trillion dong in the previous fiscal year. The improvement also lifted the company's equity to a positive 5.07 trillion dong by the end of 2025, versus negative 12.45 trillion dong as of the 2024 year-end report. The primary driver of the recovery in financial indicators was a substantial increase in owner contributions during the period. Specifically, owner equity in Saigon Glory rose from 7.0 trillion dong to 23.0 trillion dong. Thanks to the additional capital of 16.0 trillion dong, the company's total liabilities declined from 25.347 trillion dong to about 16.994 trillion dong. Leverage indicators cooled as the debt-to-assets ratio decreased from 1.96x to 0.77x. The change in Saigon Glory's financial structure followed a major restructuring of ownership. By the end of September 2024, Bitexco Group completed the transfer of 100% of Saigon Glory to Phuong Dong Hanoi Real Estate Co., Ltd., a legal entity within the Masterise ecosystem. After the new owner took over, the company carried out capital structure reforms and strengthened cooperation with strategic partners. One key milestone was a joint investment agreement in November 2025, with the partner contributing about 20.7 trillion dong to develop and manage the Ben Thanh Quadrant project. This capital injection not only supported liquidity but also enabled the One Central HCM project to officially restart construction in March 2026 under the supervision of general contractor Newtecons. Although profits and equity returned to positive levels, Saigon Glory still faced undistributed after-tax losses of more than 17.93 trillion dong as of the end of 2025. The company's bond debt remains at 4.506 trillion dong, corresponding to a debt-to-equity ratio of 0.89x. The project implementation over the next 30 months is expected to be a decisive factor in conclusively resolving the accumulated losses from earlier periods.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
