Dong A Paint reports soaring Q3 profits, revenue

Dong A Paint Joint Stock Company (HDA) reported a remarkable increase in net profit after corporate income tax (PAT) for Q3 2025, reaching VND 2,986,374,720 for separate financial statements and VND 14,398,026,328 for consolidated statements. This represents a 433.6% and 1773% growth, respectively, compared to the same period last year. The primary driver for this surge was a 60.5% increase in net revenue from sales and services in the separate financial statements, totaling VND 39,879,986,051, and a 30% increase in consolidated net revenue to VND 64,351,013,723.

A significant factor contributing to the consolidated profit increase was a sharp rise in financial income, attributed to the adjustment and recognition of a reversal of goodwill amortization expenses. This reversal stemmed from the company’s divestment in S’Capital Joint Stock Company in Q1 2025. As of September 30, 2025, Dong A Paint’s total assets stood at VND 418,625,052,545 for separate financial statements, with owners' equity at VND 328,050,903,004.

The company continues to operate in the production and trading of paints and putty. Its financial year runs from January 1st to December 31st, and it operates across Northern, Central, and Southern regions.