Fertilizer Companies Report Doubling Profits, Stocks Surge to Historical Highs

CTCP Fertilizers and Chemicals Oil and Gas in Northern Vietnam (PMB) recently announced its Q1 2025 revenue of 735 billion VND, a 41% increase year-on-year. Its after-tax profit reached 9 billion VND, doubling compared to Q1 2024. Similarly, Ninh Binh Phosphate Plant (NFC) reported a revenue of 453 billion VND, a 62% increase from the previous year, with an after-tax profit of 39 billion VND, nearly tripling the prior year’s figure. Both stocks PMB and NFC surged to their limits on April 21, with PMB reaching 10,200 VND/stock – the highest in 6 months, and NFC hitting 29,400 VND/stock – a historical peak.

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