Vietnam's PC1 posts 63% profit rise as CII Invest lifts stake to 11.9%

PC1 reported that cumulative revenue for the first six months of 2026 reached VND 4,206 billion, a 12% decline year‑on‑year, while profit after tax rose to VND 505 billion, up 63%. In the second quarter, net revenue fell 31% to VND 2,038 billion, but profit after tax increased 43% to VND 235 billion, helped by a 35% jump in financial‑service revenue to nearly VND 85 billion and a 10% reduction in financing costs. The company highlighted strong cost cuts, especially a 97% drop in selling expenses and a 26% fall in administrative costs, which boosted gross margin to about 23%.

CII Invest, a subsidiary of the CII group, bought an additional 1.59 million PC1 shares on 30 July, raising its total holding to 48.94 million shares, or 11.9% of PC1’s capital. CII said the investment targets PC1’s portfolio of operating solar‑energy projects and upcoming power‑generation assets, and it does not intend to seek board or supervisory‑board seats. PC1’s 2026 outlook targets consolidated revenue of VND 15,618 billion (up 19%) and profit after tax of VND 1,056 billion (down 22%).