VMEP Holdings Swings to US$0.05 Million Q1 Loss as Revenue Slides 5.7%

Bulletin Express
05/13

Vietnam Manufacturing and Export Processing (Holdings) Limited (VMEP Holdings) reported a US$47.66 thousand loss for the three months ended 31 March 2026, reversing the US$0.93 million profit recorded a year earlier.

Revenue fell 5.7% year on year to US$18.69 million, reflecting softer sales versus the US$19.82 million generated in the first quarter of 2025. Gross profit contracted 43.4% to US$1.41 million, and the gross margin narrowed to 7.5% from 12.5%, underscoring heightened cost pressure despite broadly stable cost of sales (down 0.3%).

Operating performance deteriorated notably: results from operations swung from a US$0.59 million profit to a US$0.28 million loss, weighed by lower gross profit and a US$0.06 million impairment charge on property, plant and equipment. Net finance income softened 7.9% to US$0.33 million as interest income declined and finance costs remained elevated.

Balance-sheet metrics were largely resilient. Net current assets stood at US$44.71 million, broadly unchanged from end-2025. Bank loans were trimmed to US$22.51 million from US$37.18 million, contributing to a 31.3% fall in total current liabilities. Cash and cash equivalents, however, more than halved to US$15.66 million after a US$13.34 million net outflow, mainly due to financing cash outlays.

Total equity slipped marginally to US$48.15 million from US$48.51 million at 31 December 2025, reflecting the quarterly loss and negative foreign-exchange translation of US$0.30 million.

VMEP Holdings’ board approved the unaudited results on 13 May 2026, maintaining its practice of quarterly disclosures under Hong Kong Listing Rules and relevant regulatory provisions.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10