Sông Đà Cao Cường (SCL) reported Q3 2026 net revenue of over VND 263 billion, up nearly 98%, and profit after tax of VND 38 billion, up 136%, helped by gross margin improving from about 36% to 41%. For the first nine months, net revenue reached nearly VND 666 billion (up 81%) and profit after tax nearly VND 94 billion, about 2.3 times the same period last year, even as selling and general administrative expenses more than doubled. Notably, short-term customer receivables stood at nearly VND 116 billion as of September 30, 2026, up 31% from the start of the year, with receivables from VinCons alone at nearly VND 68 billion, about 59% of the total. The company set aside provisions for doubtful receivables of over VND 4.1 billion, almost unchanged from the beginning of the year.
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Original headline: Một doanh nghiệp báo lãi quý 3 tăng 136%, xuất hiện khoản phải thu bất ngờ
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- One company reports Q3 profit up 136%, with receivables from Pham Nhat Vuong's company
Sông Đà Cao Cường (SCL) reported Q3 2026 net revenue of over 263 billion VND, up nearly 98%, and profit after tax of 38 billion VND, up 136% year on year, while gross margin rose from about 36% to 41%. For the first nine months, net revenue reached nearly 666 billion VND (up 81%) and profit after tax nearly 94 billion VND, about 2.3 times the prior-year figure, even as selling and administrative expenses more than doubled. As of Sept. 30, 2026, short-term customer receivables were nearly 116 billion VND, up 31% from the start of the year, with about 68 billion VND owed by Công ty Cổ phần Phát triển và Đầu tư Xây dựng VinCons (around 59% of the total). The company also had receivables of nearly 10.8 billion VND from Công ty TNHH Trọng Phong and nearly 4.7 billion VND from Công ty Cổ phần Vạn Thiên A, and set aside over 4.1 billion VND in provisions for doubtful debts.
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