PHR – Brief – [NONRATED] – 3Q26 Core Earnings Slumped

In 3Q26, PHR reported VND659bn net revenue (+62% QoQ, +6.8% YoY), but gross profit fell to VND100bn (-28% QoQ, -31% YoY). Other income quadrupled to VND470bn, in which, VND404bn came from THACO project. Net profit was VND433bn (+17% QoQ, +64% YoY).