Dong Nai Port (PDN) explains why second quarter profit increased by nearly 50%

VHO - Dong Nai Port Joint Stock Company (stock code: PDN) has just announced its financial report for the second quarter of 2025 and explained that its profit results in the period increased strongly by nearly 50% compared to the second quarter of 2024.

Cargo handling and transportation activities at the port recorded positive growth during the period. (Illustrative image)

According to the management of Dong Nai Port, cargo handling and transportation activities at the port recorded positive growth during the period thanks to the increased handling of rolled steel sheets, iron and steel, steel billets, etc. At the same time, the supply of alumina and goods from units leasing space at Go Dau Port remained relatively stable.

Furthermore, Dong Nai Port has been focusing on investing in infrastructure, berths, and specialized handling equipment to ensure timely container handling and reduce cargo congestion. As a result, the volume of container and general cargo increased by 15.35% and 14.28% respectively compared to the same period last year, leading to increased revenue from sales and services.

On the other hand, in Q2 2025, financial expenses decreased by 12.5% ​​due to a reduction in principal loan balances, leading to lower interest expenses, and selling expenses decreased by 7.75%, mainly due to reduced commission and conference expenses.

After deducting expenses, Dong Nai Port reported a net profit after tax of VND 125.5 billion in the second quarter of 2025, an increase of over 47% compared to the same period in 2024.

For the first six months of 2025, Dong Nai Port recorded revenue of nearly VND 746.5 billion, a 17.5% increase compared to the same period last year; after-tax profit reached VND 224.6 billion, a 31.9% increase.

Thus, with a planned revenue of VND 1,400 billion and after-tax profit of VND 360 billion for 2025, by the end of the first half of the year, the company had achieved 53.3% of its revenue target and 62.4% of its profit target.

Recently, Dong Nai Port paid cash dividends and bonus shares to shareholders with a total ratio of up to 75%, including 25% cash dividends and 50% bonus shares. After the bonus share issuance, the company's charter capital will increase from VND 370.4 billion to over VND 555.6 billion.

Assessing the macroeconomic situation of the port industry in 2025, the leadership of Dong Nai Port believes that, in the context of being affected by the global economic and political situation, the industry will have many opportunities to benefit from the shift in supply sources. However, businesses cannot be complacent because the global economic situation is still volatile with many complex and unpredictable factors.

Dong Nai Port is currently accelerating the construction of berth B6 and fuel depots to serve Long Thanh Airport, while focusing on negotiating with customers to lease yard space for tank storage, helping to reduce pressure on revenue and output of the general cargo sector in the Go Dau area.

Source: https://baovanhoa.vn/the-thao/cang-dong-nai-pdn-giai-trinh-ve-viec-loi-nhuan-quy-ii-tang-truong-gan-50-155133.html