Transportation and Trading Services reports 40% net profit increase in Q3

Transportation and Trading Services Joint Stock Company (TJC) announced a 40% increase in total accounting profit after tax for Q3 2025, reaching VND 1.03 billion compared to Q3 2024. This growth is primarily attributed to a fully occupied office leasing business and a significant rise in financial revenue.

The company's core business, office leasing, maintained a 100% occupancy rate across its total rental area. Total sales revenue and service provision for the quarter amounted to VND 1.02 billion, a 12.6% increase from the same period last year. Cost of goods sold also rose by 10% to VND 558 million. Financial revenue saw a substantial 26% increase, reaching VND 1.87 billion, mainly due to higher income from term deposits.

Despite the positive results, the company noted that external ship chartering activities did not proceed as planned due to a sharp decrease in customer transportation demand, with insufficient goods to warrant a monthly trip. The lack of a proprietary fleet also limited the company's flexibility in arranging ships to meet customer needs.