In Q1/2025, CSV Corporation reported an after-tax profit of 50 billion VND, down 20% from 62.5 billion VND in Q1/2024. The main reasons for this decline include rising raw material costs affecting production costs. Additionally, sales revenue did not grow as strongly as expected, leading to a reduced profit margin. The company also faced increased competitive pressure from rivals in the industry, resulting in a decrease in market share. However, the CSV management has proposed solutions such as improving production processes, optimizing costs, and developing new products to recover and boost profits in the coming quarters.
Leave a Reply