Danang Housing sees profit soar nearly 400% in Q3

Danang Housing Development Joint Stock Company reported a remarkable financial performance for Q3 2025, with profit after tax reaching 1.9 billion VND, a 373.78% increase compared to a loss of 0.69 billion VND in Q3 2024. Total revenue for the quarter also saw a substantial rise of 129.73%, climbing to 19.69 billion VND from 8.57 billion VND in the same period last year. Profit before tax jumped to 2.40 billion VND from a loss of 0.81 billion VND, marking a 394.58% increase.

The company attributed this significant shift from loss to profit to heightened construction demand. For the first nine months of 2025, total assets were 205.06 billion VND, a decrease from 213.54 billion VND as of January 1, 2025. Liabilities also decreased to 81.23 billion VND from 93.66 billion VND over the same period, while equity slightly increased to 123.83 billion VND from 119.88 billion VND.

A notable change in the ownership structure occurred in the first nine months of 2025: New Light Ray Investment Joint Stock Company increased its charter capital, reducing Danang Housing's ownership from 92% to 24.58%. Consequently, New Light Ray is now an associate company, rather than a subsidiary, of Danang Housing.