Specifically, CCL‘s Q3 net revenue reached over 79 billion VND, remaining flat year-over-year. However, cost of goods sold, financial expenses, and selling expenses surged by 18%, 22%, and 700%, respectively, totaling over 58 billion VND, 10 billion VND, and 458 million VND.
CCL attributed the rise in cost of goods sold to increased prices of raw materials and labor, particularly construction materials like stone, sand, and aluminum, which climbed by 20-50%. Financial expenses escalated due to the company’s focus on constructing new townhouse series OLK72, O-LK73, OLK46, O-LK63, OLK64, OLK65, and O-LK66, as well as investing in project infrastructure.
Despite a significant increase in financial revenue, it was insufficient to offset the additional expenses, resulting in a 45% decline in after-tax profit to over 7 billion VND.
Source: CCL
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In the first nine months, the company generated over 33 billion VND in after-tax profit, a 15% decrease compared to the same period last year. This result equates to nearly 67% of the 50 billion VND target set for 2025.
As of September 30, 2025, CCL‘s total assets stood at approximately 1.2 trillion VND, up 5% from the beginning of the year. Notably, long-term work-in-progress for the 5A urban area project soared by 99%, from nearly 73 billion VND to over 174 billion VND. Conversely, inventory value decreased by 21% to over 202 billion VND. Short-term cash holdings, although 2.6 times higher, accounted for a small portion of total assets at over 28 billion VND.
Total liabilities rose by 12% to nearly 459 billion VND. Outstanding loans increased by 25% to almost 358 billion VND. The two “reserve” items exhibited contrasting trends. While customer deposits surged 9.2-fold from the beginning of the year to nearly 23 billion VND, unearned revenue from real estate transfers disappeared entirely, having recorded nearly 29 billion VND at the start of the year.
– 3:29 PM, October 20, 2025
Unveiling the Truth: Harmful Banned Substances Found in ‘Weight-Loss Bubble Tea’ in Quang Ninh
The Chairman of the People’s Committee of Quang Ninh Province has issued an administrative penalty decision against Ms. N.H.Q (born in 1996, residing in Mong Cai 2 Ward, Quang Ninh) for engaging in the sale of dietary supplements with unclear origins and containing prohibited substances harmful to health.
