Doan Xa port profit soars 88% in Q3 2025 on cost savings

Doan Xa Port Joint Stock Company (DXP) reported an 88% increase in profit after tax for Q3 2025, reaching VND 29,532,751,358, compared to Q3 2024. This growth was achieved despite a decrease in total revenue, primarily due to the bitumen trading segment. The company's port operation business, however, saw a significant 53% year-on-year growth.

The positive financial performance is attributed to intensified cost-saving efforts, which led to a 15% increase in gross profit. This improvement is reflected in a 15% decrease in the cost of goods sold to revenue ratio compared to the same period last year. Furthermore, the financial expense-to-revenue ratio decreased by 0.6% year-on-year.

While the selling expense-to-revenue ratio increased by 4% and the administrative expense-to-revenue ratio rose by 0.4% year-on-year, the overall strategic adjustments resulted in a VND 17,181,568,330 increase in profit before tax for Q3 2025 compared to the same period last year.