Haiphong Thermal Power (HND) reported third-quarter 2026 after-tax profit of 35.49 billion dong, reversing a 15 billion dong loss a year earlier, as net revenue rose 36% to nearly 2,782 billion dong and commercial electricity output increased. Other expenses surged to about 116 billion dong, largely from coal price-difference compensation and late-payment interest under a Hai Phong People's Court ruling dated Sept. 29, 2026. For the first nine months, after-tax profit reached nearly 544 billion dong, up 38.4%. Duong Son Ba, then General Director, was arrested and detained on May 21, 2026, for allegedly forging organizational documents, and on Oct. 13 the board dismissed him from the post, with no successor yet named. HND shares fell 1.12% to 8,800 dong on Oct. 21.
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Original headline: Ông Dương Sơn Bá bị bắt, doanh nghiệp bất ngờ chuyển từ lỗ sang lãi trong quý 3
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