Construction Company 1369 reports substantial profit growth despite revenue decline

Construction Joint Stock Company 1369 reported a consolidated net profit after tax of VND 7,288,563,085 for Q3 2025, a substantial increase of 298.6% compared to VND 1,828,716,213 in Q3 2024. This growth occurred even as consolidated net revenue for Q3 2025 decreased by 39.9% to VND 172,180,446,059 from VND 286,430,240,083 in the same period last year.

The company attributed the revenue decline primarily to a decrease in the automobile business segment of its subsidiary, affected by a stagnant domestic car market. The company proactively adjusted its revenue structure to reduce the proportion of low-margin trading activities.

Despite these challenges, the real estate and construction segments maintained stable performance with high gross profit margins. Additionally, financial expenses at subsidiaries decreased due to optimized capital structure and effective control of interest expenses. These strategic adjustments reflect effective management, business restructuring, and a sustainable business orientation for 2025.