Tu Liem Urban Development Joint Stock Company (NTL) released its Q3 2025 report, revealing net revenue of nearly VND 4 billion, a 4% increase compared to Q3 2024. However, the cost of goods sold surged by 65% to over VND 4 billion, resulting in a gross loss of approximately VND 629 million for the quarter.
Despite this, NTL’s financial revenue soared to nearly VND 58 billion, 3.8 times higher than the same period in 2024, driven by interest income from bank deposits and securities investments. Consequently, NTL’s post-tax profit reached nearly VND 13 billion, tripling year-over-year.
As of September 30, NTL allocated nearly VND 474 billion to securities investments, a threefold increase from the beginning of the year. The company is invested in stocks such as DBC, DCM, HHS, HPX, NVL, PAN, SGT, TCH, and VAB. The fair value of these holdings at the end of September exceeded VND 592 billion.
For the first nine months of the year, NTL’s net revenue totaled over VND 13 billion, a steep 99% decline from the same period in 2024, when it reached over VND 1,420 billion. Post-tax profit also plummeted by 97%, settling at just over VND 20.5 billion.
As of September 30, 2025, NTL’s total assets stood at VND 1,978 billion, a 9% decrease from the beginning of the year. Total liabilities fell by 42% to VND 243 billion.
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