The Q1/2025 financial report of HUG shows strong revenue growth compared to the same period last year. Revenue reached 500 billion VND, an increase of 15% due to market expansion and increased product range. Gross profit increased by 12% to 200 billion VND, maintaining a stable gross profit margin of 40%.
Operating costs also rose to 150 billion VND, mainly due to increased marketing and management expenses. However, HUG managed to control these costs well, with pre-tax profit reaching 40 billion VND, up 5% compared to Q1/2024. Net profit was 36 billion VND, with a return on equity ratio of 8%.
The company also announced several new investment projects aimed at expanding production, expected to create an additional 1,000 jobs this year. HUG forecasts stable growth for Q2/2025 and continues to implement sustainable development plans for the future.
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