AsemconnectVietnam - Many rubber companies reported positive business results thanks to lower cost of goods sold, while some companies saw increased sales volume and upward price adjustments from the second quarter, improving profit margins.

DRC: Lower raw material costs positively contribute to business results
Da Nang Rubber Joint Stock Company (DRC) reported that its audited half-year 2026 financial report recorded revenue of over VND2,330 billion, a decrease of 8.8% compared to the same period last year, but the company's after-tax profit reached VND48 billion, an increase of VND6.5 billion, or 15.6%, compared to the same period last year.
The main reason was the increase in gross profit of VND117.4 billion due to lower raw material prices, while financial revenue decreased by VND21 billion, mainly due to a decrease in exchange rate gains. In addition, selling expenses decreased mainly due to lower export transportation costs. During the period, the company recorded an increase in administrative expenses mainly due to provisions for doubtful export receivables.
BRC: Cost of goods sold decreased while conveyor belt selling prices increased from Q2
At Ben Thanh Rubber Joint Stock Company (BRC), the business picture is similar to DRC, with revenue decreasing but profits improving and growing. Specifically, in the first six months of 2016, BRC's revenue reached VND197.6 billion, a decrease of VND14.8 billion compared to the same period (equivalent to a 6.96% decrease), but after-tax profit increased by 12.64% compared to the same period, reaching VND11.94 billion, an increase of VND1.34 billion.
The company reported that while revenue decreased in the first half of the year, the cost of goods sold decreased by 21.13%, equivalent to an 11.86% reduction compared to the same period in 2025. This resulted in a gross profit from sales and services of VND6.34 billion, an increase of 18.55% compared to the same period.
In the first six months of the year, the company stated that it sold a wider variety of higher-quality conveyor belts than in the same period of 2025, such as fire-resistant, heat-resistant, oil-resistant, and ribbed conveyor belts. Because the profit margins for these types of conveyor belts are higher than those of conventional conveyor belts, and the company adjusted its selling prices upwards from Q2/2026, the business profit was positive.
DPR: Increased Production, Increased Profits
At Dong Phu Rubber Joint Stock Company (DPR), the audited semi-annual financial report for 2026 recorded a 66% increase in revenue compared to the same period, reaching nearly VND428 billion, and after-tax profit reached VND146.1 billion, a 40.2% increase compared to the same period.
Dong Phu Rubber stated that in the first six months of 2026, sales volume was 5,779.89 tons, with an average selling price of VND52,693,478/ton. Sales volume in the first six months was 92% higher than the same period, but the average selling price was 3.85% lower than the same period (average selling price in the first six months of 2025 was VND54,804,027/ton).
Operating profit for the first six months of the year increased by over VND63 billion, a 53.7% increase compared to the same period last year, but other income decreased by 75%, recording over VND7.6 billion. Therefore, after-tax profit for the first six months increased by VND41.9 billion, a 40.23% increase.
RTB: Profit surges thanks to increased production and income from rubber plantation liquidation
The audited semi-annual financial report for 2026 of Tan Bien Rubber Joint Stock Company (stock code RTB) recorded revenue of over VND668.7 billion, a 39.73% increase compared to the same period last year. After-tax profit reached over VND 330.4 billion, an 18.51% increase compared to the same period last year.
Explaining the reasons for the strong growth, the company stated that in the first six months of the year, rubber sales increased compared to the same period last year, resulting in a revenue increase of over VND284 billion, a cost of goods sold increase of over VND215 billion, and a gross profit increase of VND68.93 billion. In addition, income from the liquidation of rubber plantations amounted to over VND158 billion, which is exempt from corporate income tax.
Source: VITIC/Bao Tai chinh – Dau tu