Saigon Fishing Net posts strong Q3 profit on stable costs, higher demand

Saigon Fishing Net Joint Stock Company announced a substantial improvement in its production and business efficiency for Q3 2025, with profit before corporate income tax rising by 26.14% to VND 3,220,487,834, compared to VND 2,553,052,221 in Q3 2024. Net profit after tax also saw a robust increase of 25.38%, reaching VND 2,560,867,479 from VND 2,042,441,777 in the previous year.

The company attributed this positive performance primarily to stable input plastic resin prices throughout Q3 2025 and an expansion in the consumption market for fishing lines and nets.

For the first nine months of 2025, profit before corporate income tax grew by 8.07% to VND 9,543,732,759, up from VND 8,830,525,475 in the same period of 2024. Net profit after corporate income tax for the first nine months of 2025 reached VND 7,545,451,603, an increase of 6.76% compared to VND 7,067,327,139 in the corresponding period of 2024.