Thuduc Steel Corporation (VNSTEEL, TDS stock code) recently announced its financial report for Q3 2025, with net revenue exceeding 662 billion VND, up 72% year-on-year. Gross profit also surged 277% compared to Q3 2024, reaching 9.79 billion VND. Consumption volume increased by 142%, contributing to revenue growth, although selling and management costs rose by 48.54%. The company benefited from a 3.6 billion VND reduction in land tax for 2024. Consequently, after-tax profit reached 1.6 billion VND, improving by 8.2 billion VND from a loss of 6.6 billion VND last year, marking a 124% increase. Year-to-date, net revenue surpassed 1.61 trillion VND, a 50% increase, with after-tax profit nearing 133 billion VND, a 141% rise from the previous year’s same period. Gemadept has also announced it is no longer a major shareholder in VNSTEEL after selling 50,000 shares.
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