A Stone Company Reports a 70% Increase in Q2 Profit

Hoa An Joint Stock Company (stock code: DHA) reported its Q2 2025 business performance with revenue exceeding 121 billion VND, up 47.1% year-on-year. Cost of goods sold increased by 42%, yet the growth rate was lower than revenue growth, leading to gross profit surging by 58% to around 45.5 billion VND. The gross profit margin reached 37.5%, higher than the 34.9% from the previous year. Total selling and management expenses were approximately 8 billion VND, an increase of 1.9 billion VND compared to the same period last year. Net profit after tax was 32.28 billion VND, a nearly 70% increase over 19.08 billion VND the year before, attributed to increased sales volume and product pricing. For the first half of 2025, net profit reached 65.6 billion VND, up 135% year-over-year. Established in 1980, Hoa An specializes in quarrying and processing construction stone. On the stock market, DHA shares are priced at 44,750 VND.