West Bus Station’s Short-Term Holdings Approximate 323 Billion VND

Despite soaring cost of goods sold and administrative expenses, Western Bus Station Joint Stock Company (HNX: WCS) maintained a 7% year-over-year growth in after-tax profit for Q3 2025.

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Specifically, WCS reported a net revenue of nearly VND 44 billion in Q3, a 7% increase year-over-year. Financial revenue surged by 49% to nearly VND 4 billion, primarily from deposit and lending interest.

On the cost side, the cost of goods sold and management expenses rose by 11% and 23%, reaching VND 17 billion and VND 5 billion, respectively.

After deducting expenses, WCS achieved a post-tax profit of nearly VND 22 billion, up 7% year-over-year. Combined with the first half results, the company’s nine-month post-tax profit reached nearly VND 65 billion, a 9% increase year-over-year.

WCS’s Business Results for the First Nine Months of 2025. Unit: Billion VND

Compared to the 2025 target of over VND 77 billion in post-tax profit, WCS’s nine-month result represents more than 84% completion.

As of September 30, 2025, WCS’s total assets stood at over VND 375 billion, a 22% increase from the beginning of the year. This growth is primarily driven by a 23% rise in short-term cash holdings, reaching nearly VND 323 billion, the largest asset category.

Meanwhile, total liabilities reached approximately VND 95 billion, 2.3 times higher than at the start of the year, due to a VND 50 billion dividend payable to shareholders.

Hà Lễ

– 14:05 20/10/2025

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