SPM Company has announced its Q1 2025 financial results, comparing them with the same period last year. Revenue for this quarter reached 150 billion VND, down 10% from Q1 2024. The main reason is the decline in market demand and increased competition. Meanwhile, production costs have risen due to higher raw material prices. The after-tax profit for Q1 2025 was 30 billion VND, a 15% decrease compared to the same period in 2024. The company stated it has implemented several measures to improve business efficiency, including optimizing production processes and reducing unnecessary costs. Additionally, SPM is exploring opportunities to enter new markets to offset the revenue decrease caused by competition. The management is confident in SPM’s recovery potential and is committed to further improving financial results in upcoming quarters.
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