HSL has announced its financial report for 2024 and provided an explanation for the discrepancy in audited net profit (NP) compared to the same period last year. According to the data, NP in 2024 dropped by 15% compared to 2023. The reasons identified include a decrease in revenue from several key products, increased raw material costs, and rising operational expenses. The company has implemented various measures to enhance operational efficiency, including optimizing production processes and reducing costs. However, market trends and consumer behavior have also impacted financial results. HSL is committed to continuously monitoring and adjusting its business strategy to recover profits in the coming years.
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