Quang Nam Transportation reports Q3 profit dip despite construction revenue growth

Quang Nam Transportation Construction JSC reported its Q3 2025 financial results, showing a profit after tax of VND1,206,581,747, a decrease compared to VND1,829,743,910 in Q3 2024. This change, exceeding 10%, is primarily attributed to numerous ongoing construction projects whose payment dossiers are expected to be recorded as revenue in Q4 2025. Total assets for Q3 2025 stood at VND64,857,709,652, a slight reduction from VND66,737,176,433 at the beginning of the year.

The company's revenue from sales and service provision for Q3 2025 reached VND37,203,846,337, up from VND21,274,519,610 in Q3 2024. Construction revenue specifically increased to VND30,403,848,148 in Q3 2025 from VND13,895,227,777 in Q3 2024. Despite this revenue growth, the net operating profit for Q3 2025 was VND1,539,307,817, lower than VND2,612,599,832 in the same period last year, impacting the overall profitability.

The company’s core businesses include construction, stone exploitation, and real estate.