Danang Housing reports significant profit turnaround in first half 2025

Danang Housing Development Construction Joint Stock Company (NDX) reported substantial financial improvement for the first half of 2025. The company's consolidated profit after tax reached VND 2.2 billion, a significant turnaround from a loss of VND 0.26 billion in the same period last year, marking a 938.18% increase. This positive shift is primarily attributed to heightened construction demand.

Despite the strong profit recovery, total consolidated revenue for the first half of 2025 saw a decrease of 14.81%, falling to VND 29,204,080,785 from VND 34,283,024,039 in the previous year. However, profit before tax surged by 1240.73%, reaching VND 2,874,429,826 compared to a loss of VND 251,981,532 in the first half of 2024.

The company's separate financial statements also reflected this trend, with profit after tax reaching VND 2.3 billion, a 918.67% increase from the previous year's loss, on revenues of VND 27,496,849,626. These figures highlight a robust operational recovery for NDX.