Danang Housing Investment Development's Q3 profit surges 3,364% on market gains

Danang Housing Investment Development Joint Stock Company (NDN) announced a substantial 3,364% surge in net profit after tax for the third quarter of 2025, reaching 70,841 million VND, up from 2,045 million VND in Q3 2024. Profit before tax also saw a remarkable increase of 2,189%, reaching 85,147 million VND in Q3 2025 compared to 3,719 million VND in the prior-year period.

This robust financial performance was underpinned by a 113.5% rise in total revenue, which climbed to 105,741 million VND in Q3 2025 from 49,529 million VND in Q3 2024. Concurrently, total expenses experienced a notable decrease of 55%, falling to 20,582 million VND from 45,810 million VND.

The company attributed the significant increase in profit to favorable stock market developments, leading to higher financial activity profits. As of September 30, 2025, NDN’s shares remain listed on the Hanoi Stock Exchange.