Hai Minh Corporation: mixed Q3 2025 profits with separate gain, consolidated dip

Hai Minh Corporation reported a separate after-tax profit of VND 5,711,772,339 for the third quarter of 2025, marking a 127% increase compared to Q3 2024. This growth was primarily driven by financial investment activities, with financial income rising by 282% year-over-year.

In contrast, the consolidated after-tax profit for Q3 2025 decreased by 20.63% from Q3 2024. This decline was mainly attributed to a reduction in gross profit from sales and services. Additionally, in Q3 2024, the corporation had reversed a provision for doubtful debts related to a company, as the debt had been recovered, which was not repeated in Q3 2025.