DGC reported a significant change in net profit (NP) for Q1 2025 compared to Q1 2024. NP for Q1 2025 was 50 billion VND, a decrease of 20% year-on-year. The company attributed this decline primarily to reduced product prices due to increased market competition and higher production costs. Additionally, demand for products in the first quarter did not meet expectations, leading to high inventory levels and revenues falling short of targets. DGC outlined recovery measures including improving production processes, enhancing product quality, and intensifying sales promotion efforts. The company expresses optimism for market recovery in subsequent quarters and plans specific actions to improve financial performance moving forward.
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