“Currency Shockwave Slashes Textile Firm’s Q3 Profits by 87%”

Over the first nine months, cumulative net revenue reached 1.029 trillion VND, marking a 38% increase compared to the same period in 2024. After-tax profit surged by 47%, exceeding 39 billion VND.

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Century Yarn Joint Stock Company (STK) has released its Q3/2025 financial report, revealing a net revenue of VND 319 billion, a nearly 4% increase year-over-year. Gross profit surged by 41%, climbing from VND 52 billion in Q3/2024 to VND 73 billion in Q3/2025.

Financial revenue stood at approximately VND 8 billion, marking a 27% decline compared to Q3/2024. Financial expenses rose from a negative VND 36.5 billion in Q3/2024 to nearly VND 42 billion in Q3/2025, with interest expenses soaring by 180% to VND 12 billion.

Selling expenses decreased by 12%, while corporate management costs dropped by 6%.

Consequently, STK’s post-tax profit plummeted by 87% to just over VND 10 billion. The company attributed this sharp decline primarily to the impact of exchange rate fluctuations.

For the first nine months of the year, cumulative net revenue reached VND 1,029 billion, a 17% increase compared to the same period in 2024. Post-tax profit rose by 47% to over VND 39 billion.

As of September 30, 2025, the company’s total assets stood at VND 4,115 billion, an 8% increase from the beginning of the year.

Regarding capital, total liabilities rose by 13% to VND 2,368 billion. Equity at the end of the period was VND 1,747 billion, a modest 2% increase.

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