CAT LAI PORT REPORTS DROPPING REVENUE WHILE FACING OVERLOAD IN H1

According to its consolidated financial report for the second quarter of 2021, the net profit of Cat Lai Port JSC (HSX: CLL) decreased 22 per cent on-year to VND20 billion ($869,570).

In the second quarter, the company gained a net revenue of VND66.4 billion ($2.89 million) and after-tax profit of VND19 billion ($826,090), respectively down 18 and 29 per cent on-year. Gross margin was down 2 per cent to 40 per cent.

Seaport leasing services, merchandise sales services, and other services have made up a growing portion of its revenue. However, revenue from transportation services dropped sharply, and loading and unloading equipment rental service dropped slightly.

In the first six months, the company's net revenue reached VND145.8 billion ($6.34 million), after-tax profit reached VND41.3 billion ($1.8 million), respectively down 12 and 17 per cent over the same period last year.

In 2021, the company set a revenue target of VND358.3 billion ($15.6 million), with VND88.8 billion ($3.86 million) of after-tax profit. It has achieved 41 and 47 per cent of these targets in H1.

As of June 30, the company’s total assets reached VND717.3 billion (31.2 million), up 2 per cent on-year. Fixed assets accounted for 39 per cent with VND281.8 billion ($12.25 million), while short-term receivables made up 11 per cent with VND82 billion ($3.57 million) and long-term financial investment 12 per cent with VND88.3 billion ($3.84 million).

Cat Lai Port is currently experiencing severe overload after several companies were forced to suspend operations during the social distancing, leaving them unable to receive cargo. Many solutions have been proposed to deal with this situation such as transferring shipments to other seaports in Ho Chi Minh City and inland container depots.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS

Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH

From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026