Vietnam’s largest car distribution company reports Q3 profit up 59 times year-on-year, stock hits ceiling

SVC, or Saigon General Services Corporation, recently released its Q3/2025 financial report indicating impressive profits. Revenue reached 8.217 trillion VND, up 21% YoY. Pre-tax profit hit 443.4 billion VND, a staggering 1,058% increase, while net profit for the parent company soared to 364 billion VND, 59 times higher than the same period last year. This remarkable growth was primarily driven by financial earnings, with financial revenue rising to 669 billion VND, mainly through divestments. For the first nine months, total revenue reached 20.547 trillion VND, up 27%, with net profit at 450 billion VND, 8.7 times that of the previous year. As of September 30, 2025, total assets amounted to 12.067 trillion VND, increasing by 35%, with total liabilities at 9.055 trillion VND, a 37% rise. SVC shares reached their ceiling price of 21,400 VND per share, marking a 48% increase year-to-date.