Fertilizer Company Reports “Huge” Q1 2025 Profit Soaring 360%, Surpassing 50% Annual Target

On April 19, DAP – VINACHEM Joint Stock Company (Upcom: DDV) announced its Q1 2025 financial report, revealing a post-tax profit of nearly 122 billion VND, up 361.8% year-on-year. Revenue reached approximately 1.163 trillion VND, rising by 48.3%, driven by increased sales volume and an average selling price of 14.7 million VND/ton, up by 1.4 million VND/ton. Despite a 36.5% increase in cost of goods sold due to rising raw material prices and consumption volume, the rise in revenue proportionally outweighed costs, leading to a significant profit increase. The company’s 2025 business plan targets a net revenue of 3.323 trillion VND, a pre-tax profit of 215 billion VND, with Q1 profits already exceeding 50% of annual targets. DDV’s stock price also highlighted a more than 43% increase recently.