The stock market recorded growth for Novaland’s (NVL) shares, with a 6.7% increase to 15,100 VND/share, and over 17.7 million shares traded. This marks the third time in four recent sessions that the stock hit its ceiling, totaling nearly a 24% increase over a week. The surge is attributed to the Dong Nai Department of Construction confirming an additional 204 homes at Aqua City ready for business, bringing the total approved for sale to nearly 2,400 units. Novaland is also actively resolving legal issues, having completed over 550 home registration certificates for residents and expects to deliver more products next year. The Aqua City project, covering over 1,000 hectares, features many amenities now operational. However, in the first nine months of 2025, Novaland’s revenue reached 5.4 trillion VND, a 26% increase, but incurred a net loss of 1.82 trillion VND due to a sharp decline in financial revenue.
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