The Sao Vang Rubber Joint Stock Company (SRC) recently announced its audited financial report for 2024, revealing a 21% increase in net profit to 152 billion VND compared to its self-prepared report. While revenues remained unchanged, financial and management costs rose, leading to a nearly 3 billion VND decrease in pre-tax profit to 191 billion VND. However, a reduction in corporate income tax expenses resulted in a net increase of 27 billion VND in net profit. The after-tax profit for 2024 is 5.2 times that of 2023, significantly boosted by 163 billion VND from land lease rights transactions. The company aims for a pre-tax profit of 100 billion VND for 2024, having surpassed 90% of its set goal. By the end of 2024, total assets decreased by 10.2%, with a nearly 30% reduction in payables.
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