Viet Duc Welding Electrode Joint Stock Company reports strong Q3 profit growth

Viet Duc Welding Electrode Joint Stock Company announced a substantial increase in profit for the third quarter of 2025, with profit after tax reaching VND 6.374 bn. This marks an increase of VND 4.818 bn compared to VND 1.556 bn recorded in Q3 2024. The company attributed this growth to a 36% rise in production and a 33% increase in sales volume compared to the same period last year. High-margin product groups maintained stability and achieved steady growth.

Despite a slight decrease in the average selling price of welding wire, the price of welding electrodes showed a mild upward trend, and raw material prices generally declined. The company's focus on improving labor productivity and optimizing raw material usage led to a 4% reduction in the cost of goods sold. Additionally, general and selling expenses per product unit decreased by approximately 3.6%, contributing to the overall profitability.