Fertilizer Company Reports Huge Profit in Q1/2025, Up 360%, Exceeding 50% of Annual Plan

DAP – VINACHEM Joint Stock Company has announced its Q1/2025 financial report showing a 361.8% increase in post-tax profit, reaching nearly 122 billion VND. Revenue hit 1,163 billion VND, a 48.3% rise from Q1/2024. This growth is primarily driven by higher sales volume and average selling prices (14.7 million VND/ton). Cost of goods sold rose to 968 billion VND, up 36.5% due to increased sales and raw material prices. Financial revenue reached 11.6 billion VND, while financial expenses were 3.1 billion VND. Management costs increased by 10%, but total revenues grew faster than costs. The 2025 plan estimates total revenue of 3,323 billion VND, with a pre-tax profit of 215 billion VND, meaning the company has already achieved over 50% of its annual profit target after just one quarter. DDV shares rose 8.11% on April 21, up 43% from a low of 14,000 VND.