Fertilizer Companies Report Doubling Profits, Stocks Soar to New Highs

CTCP Phân bón và Hóa chất Dầu khí Miền Bắc (PMB) and Công ty Cổ phần Phân lân Ninh Bình (NFC) reported significant profit increases in Q1 2025. PMB recorded a revenue of 735 billion VND, up 41% year-on-year, with a net profit of 9 billion VND, double that of last year. Meanwhile, NFC had a revenue of 453 billion VND, a 62% increase, with a net profit of 39 billion VND, nearly three times last year’s figure. Both stocks soared on April 21, with PMB reaching 10,200 VND/share, the highest in 6 months, and NFC hitting a historical peak at 29,400 VND/share.

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