Song Da - Thanh Hoa profit tumbles despite revenue hike

Song Da - Thanh Hoa Joint Stock Company announced a significant decrease in profit after corporate income tax by 66,206,942 Vietnamese dong for Q3 2025, reaching 173,872,807 Vietnamese dong, down from 240,079,749 Vietnamese dong in Q3 2024. Profit before tax also saw a reduction of 82,653,168 Vietnamese dong. This decline occurred despite a substantial increase in total business revenue, which rose by 15 billion Vietnamese dong compared to the same period last year.

The company's investment in real estate business activities led to higher interest expenses, impacting overall profitability. Financial expenses for Q3 2025 were 1,121,104,430 Vietnamese dong, a considerable increase from 676,114,767 Vietnamese dong in Q3 2024, marking a rise of 445 million Vietnamese dong.

Net revenue from sales of goods and services reached 67,366,502,020 Vietnamese dong in Q3 2025, up from 51,934,246,953 Vietnamese dong in Q3 2024. Cost of goods sold also increased from 47,742,517,905 Vietnamese dong to 62,284,677,355 Vietnamese dong during the same period.