The Da Nang Investment and Development Joint Stock Company (stock code: NDN) has just announced its consolidated financial report for Q3 2025, with total revenue reaching 106 billion VND, double that of the same period last year. After-tax profit surged to 71 billion VND, up 36 times from 2 billion VND a year earlier. The significant increase is attributed to positive stock market changes and higher financial activity earnings. As of September 30, the market value of the trading securities portfolio hit 651 billion VND, equivalent to a temporary profit of 159 billion VND. NDN partially realized profits from Vinhomes shares, with market value at 177 billion VND, while the book value dropped to 93 billion VND. The company reduced its stake in Gemadept and added Vinaconex. For the first 9 months, the net revenue decreased by 58%, mainly due to low real estate transfer revenue. Nonetheless, after-tax profit for the 9-month period reached 145 billion VND, a remarkable 253% increase compared to the previous year.
Leave a Reply