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PetroVietnam Packaging reports Q3 profit drop amid rising costs

October 23, 2025 at 06:01 PM UTCBy FilingReader AI

PetroVietnam Packaging Joint Stock Company announced a 30% decrease in net profit after tax for the third quarter of 2025 compared to the same period in 2024, reaching 1,895,903,396 Vietnamese dong. This downturn is attributed to a 1.65 billion Vietnamese dong decrease in gross profits from sales and services rendered, coupled with a 0.04 billion Vietnamese dong rise in financial expenses.

For Q3 2025, revenues from sales and services rendered increased by 8.11% to 78,762,708,308 Vietnamese dong from 72,852,550,817 Vietnamese dong in Q3 2024. However, the cost of goods sold surged by 11.79% to 71,727,361,476 Vietnamese dong, outpacing revenue growth. This led to a substantial 18.99% decline in gross profits from sales and services rendered, falling to 7,035,346,832 Vietnamese dong.

Despite an impressive 171.11% increase in financial income to 370,720,664 Vietnamese dong, financial expenses also rose by 33.79% to 196,808,529 Vietnamese dong. Operating activities saw a 29.30% reduction in net profits, landing at 2,392,859,460 Vietnamese dong. Basic earnings per share decreased by 30% from 564 Vietnamese dong to 395 Vietnamese dong.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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