Vĩnh Hoàn Joint Stock Company (stock code: VHC) announced its Q3/2025 financial results with a net revenue of 3.471 trillion VND, up nearly 6% year-on-year. After deducting costs, gross profit reached nearly 584 billion VND, a slight increase of nearly 1%. A key highlight was financial revenue, which doubled year-on-year, providing 116 billion VND, while financial expenses were cut by 73% to 22 billion VND. Selling expenses decreased by 22% to 71 billion VND, though administrative costs rose 6% to nearly 76 billion VND. As a result, net profit after tax reached 455 billion VND, an increase of nearly 34%. Cumulatively for the first nine months, VHC recorded a net revenue of 9.311 trillion VND and a net profit after tax of 1.206 trillion VND, up 39%. Vĩnh Hoàn projects a revenue of 10.9 to 12.35 trillion VND and net profit of 1 to 1.3 trillion VND for 2025. By September 30, total assets increased by 10% to over 13.5 trillion VND, with inventory down by 6%. The company sold its stake in KBC and reduced holdings in NLG and DXS, leading to a reduction in trading securities to over 24 billion VND. It also set aside over 1 billion VND for securities devaluation.
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