The Da Nang Rubber Corporation (DRC) has reported its Q1 2025 business results, showing significant fluctuations compared to the same period last year. Revenue for the quarter reached 150 billion VND, a 15% increase over 2024. However, net profit dropped to 25 billion VND, a 10% decrease from the previous year. The main reasons for this decline are the rising production costs due to increased raw material prices and transportation expenses. Additionally, competition from international rivals has affected DRC’s market share. The company has taken steps to optimize costs and enhance productivity but has not achieved expected results. Moving forward, DRC plans to continue improving production processes and seek new opportunities to restore profitability.
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