Sasco (SAS) recently announced its Q3/2025 financial report with a net profit of 106.9 billion VND, down 41% compared to the same period last year. The decline is mainly due to the lack of profit compensations from duty-free business activities. Meanwhile, companies in Johnathan Hanh Nguyen’s ecosystem have reduced their ownership ratio in Sasco for the first time in nearly 10 years. In March, Duy Anh Trading Company sold 667,000 SAS shares, lowering its ownership from 2.21% to 1.7%. ACFC also sold 667,000 shares, decreasing its share to 14.89%. Despite a drop in Q3 profits, Sasco’s cumulative revenue for the first nine months reached 2.339 trillion VND and pre-tax profits of 411 billion VND, completing about 74% of the annual profit plan. The company continues to maintain its dividend policy, announcing a 6% interim dividend payment on October 23. However, SAS shares have seen a significant decline, currently trading around 36,000-36,800 VND.
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