PetroVietnam Coating reports significant profit surge in Q3 2025

PetroVietnam Coating Joint Stock Company (PVB) announced a substantial increase in after-tax profit for the third quarter of 2025, reaching VND 26.70 bn. This marks a significant improvement from the VND 6.63 bn loss reported in the same period of 2024. The company attributes this profit difference to the execution of service contracts that generated higher revenue and profit in Q3 2025.

For the nine-month period ending September 30, 2025, the company's net profit after tax stood at VND 51.72 bn, compared to VND 20.34 bn in the corresponding period of 2024. Revenue from rendering services for Q3 2025 was VND 268.84 bn, up from VND 21.61 bn in Q3 2024. The total cumulative revenue for the first nine months of 2025 reached VND 609.39 bn, exceeding the VND 208.80 bn reported for the same period in 2024.

The company's total assets as of September 30, 2025, increased to VND 973.12 bn, compared to VND 437.64 bn as of January 1, 2025. This growth reflects the company's robust operational performance and strategic investments, including VND 7.89 bn from the Development Investment Fund used for expanding factory construction and purchasing equipment.