Kinh Bac Urban Development Corporation (KBC) reports Q3 profit triples y-o-y
Monday, October 26,2026
AsemconnectVietnam - Kinh Bac Urban Development Corporation (KBC) recorded after-tax profit of over VND937 billion in Q3 2026, three times higher than the same period last year. However, cumulative profit for the first nine months still decreased by more than 23%.
According to the newly released consolidated financial report for Q3 2026, KBC achieved net revenue of VND3,187 billion, a 137% increase compared to the same period in 2025; gross profit reached VND1,723 billion, a 108% increase. After deducting expenses and taxes, the company reported an after-tax profit of over VND937 billion, three times higher than Q3 2025.
Vietcap Securities Company believes that the positive Q3 results are mainly due to the company accelerating the handover of industrial park land. KBC handed over approximately 55 hectares in the quarter, 3.3 times more than the same period last year and significantly higher than the approximately 21 hectares handed over in the first half of the year.
For the first nine months of the year, KBC's net revenue reached VND5,112 billion, a 25% increase compared to the same period last year, while after-tax profit reached VND1,197 billion, a decrease of over 23%.
As of September 30, 2026, KBC's total assets reached VND76,674 billion. Inventory amounted to VND35,415 billion, an increase of over VND8,300 billion compared to the beginning of the year and accounting for approximately 46% of total assets. Of this, the Trang Cat Urban and Service Area project recorded an inventory value of over VND18,354 billion.
On the capital side, total outstanding financial loans reached VND33,825 billion, an increase of over VND5,200 billion compared to the beginning of the year. In the first nine months, net cash flow from business operations was negative VND7,267 billion, although this was an improvement compared to the negative VND15,216 billion in the same period last year.
In 2026, KBC aims for a net profit after tax of VND3,000 billion. After nine months, the company has only achieved approximately 40% of its plan.
Source: VITIC/Bao Tai chinh – Dau tu
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