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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.

Báo Văn HóaBáo Văn Hóa23/07/2025

Dong Nai Port (PDN) explains why second quarter profit increased by nearly 50% - photo 1
Cargo transportation and unloading activities through the port during the period recorded positive growth. Illustrative photo

Dong Nai Port Management Board said that the transportation and unloading activities through the port during the period recorded positive growth thanks to the exploitation of additional output of rolled steel, iron and steel, steel billets, etc. At the same time, the source of alumina and the source of goods of units renting yards at Go Dau Port were maintained relatively stable.

In addition, Dong Nai Port has been focusing on investing in infrastructure, wharfs, and specialized loading and unloading equipment to promptly handle containerized goods, reducing cargo congestion at the Port. Therefore, the output of container and general cargo increased by 15.35% and 14.28% respectively over the same period, thereby increasing sales revenue and service provision.

On the other hand, in the second quarter of 2025, financial expenses decreased by 12.5% due to a decrease in outstanding loan principal, resulting in a decrease in interest expenses and a decrease in sales expenses of 7.75%, mainly due to a decrease in commission expenses and conference expenses.

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

In the first 6 months of 2025, Dong Nai Port recorded revenue of nearly 746.5 billion VND, an increase of 17.5% over the same period last year; profit after tax reached 224.6 billion VND, an increase of 31.9%.

Thus, with the 2025 plan of revenue of VND 1,400 billion and after-tax profit of VND 360 billion, by the end of the first half of the year, the Company had completed 53.3% of the revenue target and 62.4% of the profit target.

Recently, Dong Nai Port has 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 VND370.4 billion to more than VND555.6 billion.

Assessing the macro situation of the seaport industry in 2025, the leadership of Dong Nai Port stated that in the context of being affected by the world economic and political situation, the industry will have many opportunities to benefit from the shift in supply sources. However, businesses still cannot be subjective because the world economic situation is still fluctuating with many complex and unpredictable factors.

Dong Nai Port is currently accelerating the construction of wharf B6 and fuel depot to serve Long Thanh airport, while focusing on negotiating with customers to lease storage tanks, helping to reduce the pressure on revenue and output of the general cargo industry 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


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