Dong A Paint profit soars on financial income boost

Dong A Paint Joint Stock Company recorded a consolidated net profit after tax of VND 16.781 billion for the first six months of 2025, marking a 236.8% increase compared to VND 4.982 billion in the same period of 2024. This impressive growth was primarily driven by a sharp rise in financial income, which surged by 77378.3% to VND 12.343 billion from VND 15.931 million year-on-year. This increase in financial income is attributed to the reversal of goodwill amortization expenses previously recognized at its divested subsidiary, S'Capital Joint Stock Company.

Net sales and service revenue also saw a healthy increase of 15.2%, reaching VND 127.757 billion in the first half of 2025, up from VND 110.942 billion in the prior year. However, the cost of goods sold outpaced revenue growth, rising by 24.1% to VND 75.858 billion. Selling expenses remained relatively stable with a modest 0.5% increase to VND 33.299 billion, while general and administrative expenses grew by 11.7% to VND 11.934 billion.

The company's total accounting profit before tax experienced a significant leap of 273.9%, reaching VND 16.578 billion compared to VND 4.434 billion in the corresponding period of 2024. The parent company's net income after tax also increased by 43% to VND 4.975 billion.