Quang Ninh Port reports 42% profit increase in Q3 2026

Quang Ninh Port (CQN), a subsidiary of T&T Group, reported a significant increase in profitability for the third quarter of 2026. The company's after-tax profit reached 36 billion VND, marking a 42% increase compared to the same period in 2025.

For the first nine months of 2026, Quang Ninh Port recorded total net revenue of 640 billion VND, up 26% year-on-year, with after-tax profit rising 25% to 142 billion VND. Revenue drivers included stevedoring fees, cargo transportation, and a 96% surge in warehousing and yard storage revenue. Financial income also saw a substantial rise of 120%.

As of September 30, 2026, the company's total assets stood at 1,263 billion VND, while total liabilities were 187 billion VND, consisting entirely of short-term debt. The company reported no outstanding loans or financial lease debts. T&T Group maintains a 77.77% ownership stake in the port operator.