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Lê Cao Quyền Arrested as Company's Q3 Profit Doubles Year on Year

TV4 reported Q3 2026 profit up more than 103% year on year, even though net revenue fell 10.5% to over VND 62 billion. A nearly 25% drop in cost of goods sold lifted gross profit 35% to nearly VND 23 billion and improved the gross margin from 24.3% to 36.6%. For the first nine months, net revenue reached VND 166 billion and after-tax profit reached VND 16 billion, up about 57%, but operating cash flow was only about VND 16 million positive, versus over VND 43.5 billion a year earlier. Cash and equivalents stood at about VND 36.1 billion at end-September, down more than VND 11 billion from the start of the year. Earlier, former chairman Lê Cao Quyền and general director Trần Cao Hỷ were detained in a case involving the National Power Transmission Corporation, and an extraordinary shareholders' meeting on August 24 removed them from the board.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Ông Lê Cao Quyền bị bắt, doanh nghiệp báo lãi quý 3 gấp đôi cùng kỳ

Read the original on CafeF ↗

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