Halong Canned Food's Q3 2025 profit soars 114%

Halong Canned Food Joint Stock Corporation reported a pre-tax profit of VND 12.576 billion for Q3 2025, a 114% increase compared to Q3 2024. Net profit after tax reached VND 11.392 billion, up 103%. This growth was primarily due to financial activities, which contributed VND 8 billion from provisionally distributed profits from its subsidiary, Halong Canfoco - Da Nang Company Limited.

Despite a 16% decrease in net revenue from sales of goods and services in Q3 2025 compared to Q3 2024, the company maintained profitability. This was attributed to an 18% reduction in the cost of goods sold and an 18% decrease in administration expenses during the same period. The consolidated pre-tax profit also saw a significant increase of 319%, reaching VND 9.906 billion, with a net profit after tax of VND 7.644 billion.