Why did Nam Tan Uyen’s profit drop by more than 10% after the audit?

Nam Tan Uyen Industrial Park Joint Stock Company (NTC) recently reported a net profit of 321.8 billion VND for 2025, a decrease of 10.6% compared to its self-prepared report. The primary reason for this decline is a 45.6% increase in management costs, mainly due to the establishment of the Science and Technology Development Fund. The net revenue reached 715.7 billion VND, up 94.5%, with gross profit rising by 76.2%. However, financial income dropped by 34.5%, while financial and selling costs saw significant increases. Total assets fell by 18.8%, with a sharp reduction of 1,455.9 billion VND in short-term financial investments, and total liabilities decreased by 25%. In 2025, the company achieved 113.3% of its profit plan with a net profit increase of 9.9% from the previous year. Three major shareholders hold 72.22% of the shares.