FilingReader Intelligence

Vicem Hoang Mai cement returns to profit in Q3

October 23, 2025 at 06:13 PM UTCBy FilingReader AI

Vicem Hoang Mai Cement JSC achieved a net profit after corporate income tax of VND 8.1 billion in Q3 2025, a remarkable increase of VND 19.3 billion compared to the VND 11.2 billion net loss recorded in Q3 2024. This positive shift was primarily driven by an increase in the average selling price of clinker at the plant, which boosted profit by VND 13.5 billion. However, a decrease in the average domestic selling price of cement reduced profit by VND 8.2 billion.

The company's financial performance was also impacted by raw material costs. An increase in electricity prices led to a VND 5.5 billion decrease in profit due to an average electricity price rise of VND 184 per kWh. Conversely, a reduction in the average coal price contributed to a VND 2.8 billion increase in profit. Production volume also saw a boost, with clinker output increasing in Q3 2025 compared to the same period in 2024, leading to a VND 5.7 billion profit increase.

Furthermore, the utilization of alternative materials like bark, wood chips, and solid waste in clinker production, which partially replaced anthracite coal, improved profit by VND 7.0 billion. The company also benefited from new waste treatment activities, generating VND 3.7 billion in revenue and a corresponding profit increase. However, new bag recycling expenses, mandated by recent regulations, reduced profit by VND 0.6 billion.

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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