Quang Ninh Book and Educational Equipment reports wider Q3 loss

Quang Ninh Book and Educational Equipment Joint Stock Company disclosed a Q3 2025 after-tax loss of VND 3,007,351,464. This represents a substantial decline compared to the Q3 2024 after-tax loss of VND 2,737,338,301. The company attributed this negative shift primarily to increased salary expenses for Van Lang school staff and employees, higher investment and facility repair costs, and decreased revenue from books, equipment, and stationery sales.

Total assets for the company stood at VND 136,950,295,415 as of September 30, 2025, up from VND 111,774,391,766 at the end of 2024. Liabilities also increased, reaching VND 90,066,669,991, compared to VND 62,065,923,719 in the previous year. Equity decreased to VND 46,883,625,427 from VND 49,708,468,046 in the same comparative period.