A company on the stock exchange has only 2 employees but its profit in 9 months increased by 3,700%

Despite only maintaining 2 employees, An Truong An still recorded a profit after tax of nearly 30 billion VND, a sharp increase over the same period.

An Truong An operates mainly in the field of mineral exploitation and processing - Photo: DN Website

On the stock exchange, ATG shares of An Truong An Joint Stock Company have a market price of around 8,200 VND, up nearly 50% in the last quarter. But after increasing to a higher price range, liquidity has almost "frozen" in the past week.

Regarding business performance, An Truong An Joint Stock Company recorded revenue of nearly VND54 billion, more than 10 times higher than the same period last year, of which the majority came from construction contracts with VND51 billion. After deducting cost of goods sold, gross profit reached VND3.3 billion.

Financial, sales and administrative expenses did not fluctuate much, but the highlight was that the company unexpectedly recorded other income of up to 27.5 billion VND. Thanks to that, the profit after tax jumped to nearly 30 billion VND, while in the same period last year the company lost 377 million VND.

In the first 9 months of the year, An Truong An achieved revenue of 51 billion VND and after-tax profit of nearly 30 billion VND, an increase of more than 3,700% over the same period in 2024.

The third quarter financial report also said the company maintained the number of employees at 2 people at the end of September 2025, unchanged from the end of last year.

According to the business's explanation, the extraordinary results came from a sharp increase in sales and service revenue, along with optimizing operating costs, expanding the market and other income from debt settlement.

The company affirmed that it is continuing to restructure its operations and focus on effective projects, expecting to maintain positive recovery momentum in the fourth quarter.

By the end of the third quarter, An Truong An's total assets reached more than 93 billion VND, 11 times higher than at the beginning of the year.

Of which, equity reached 30.6 billion VND, liabilities 63 billion VND, including more than 8 billion VND of financial debt.

However, the company still has an accumulated loss of more than 127 billion VND due to a large loss in 2022.

The development process of An Truong An

An Truong An Joint Stock Company was established in 2005 in Binh Dinh, formerly An Truong An Company Limited.

The company operates mainly in the field of mining and processing of minerals and construction materials, and has also expanded into real estate. The Chairman of the Board of Directors is Mr. Nguyen Huu Phu.

At the recent general meeting of shareholders, the company announced its plan to change its name to ATG Planet, aiming to raise capital through stocks, bonds and bank credit, aiming for a scale of 1 billion USD by 2030. The revenue target is 1,000 billion VND/year, profit 150 billion VND/year.

In addition, the company plans to contribute capital to establish ABI Planet Joint Stock Company in Da Nang High-Tech Park, focusing on research and application of blockchain technology and artificial intelligence (AI).

LINH NGUYEN

Source: https://tuoitre.vn/mot-cong-ty-tren-san-chi-2-nhan-vien-nhung-lai-9-thang-tang-3-700-20251112160257882.htm