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Supplying stone for Long Thanh airport, building materials giant reports huge profit, shares hit all-time high

Shares of VLB, Bien Hoa Construction and Building Materials Production JSC, rose over 2% to 53,700 VND per share, an all-time high, pushing market capitalisation above 2,500 billion VND for the first time. In Q3/2026, revenue reached about 442 billion VND (+35%), after-tax profit was 117 billion VND (+86%), and gross margin widened from 25.1% to 34.6%. For the first nine months, pre-tax profit was about 708 billion VND, including roughly 344 billion VND of one-off income; excluding this, profit was about 364 billion VND, up about 45%. Agriseco Research forecasts 2026 after-tax profit of about 680 billion VND (+126%), but says demand from Long Thanh airport may decline from 2027 as the project nears completion. Projects such as HCMC's Ring Road 4 and the expansion of the HCMC–Trung Luong–My Thuan expressway are expected to support sales volumes in 2027–2029.

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

Original headline: Bán đá cho sân bay Long Thành, “ông lớn” vật liệu xây dựng báo lãi khủng, cổ phiếu vượt đỉnh lịch sử

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