In Q1 2025, HT1’s after-tax profit reached 10 billion VND, a decrease of 15% compared to Q1 2024’s 11.8 billion VND. The primary reason for this decline is a 10% drop in sales revenue caused by global economic fluctuations and rising raw material prices. Specifically, raw material costs accounted for nearly 70% of total production costs, while revenue did not increase proportionately. Additionally, management and marketing expenses rose by 5% compared to the same period last year, further pressuring profits. The company plans to improve the situation by optimizing production processes and diversifying its product range in the near future. If market conditions stabilize, profits are expected to improve in the upcoming quarters.
Leave a Reply