VLB

VLB reported Q1 2026 net profit of VND 74.1 billion, up 27% year-on-year, as land leveling sales volume surged to 218,130 m3 from 19,237 m3 a year earlier. Gross margin improved to 31.8% from 27.1%, helping the company complete over 33% of its full-year profit target in the first quarter. The strong start reflects tailwinds from public infrastructure spending on projects like Long Thanh Airport and Ring Road 4.