The Q1 2025 financial report of GSM indicates significant financial metrics. Revenue for Q1 reached 1.5 trillion VND, an increase of 20% year-on-year. Gross profit was 600 billion VND with a gross margin of about 40%. Operating expenses rose to 300 billion VND, but due to revenue growth, pre-tax profit remained at 200 billion VND, corresponding to a 15% increase. The company’s asset situation improved, with total assets at the end of Q1 reaching 10 trillion VND, of which liabilities accounted for only 30% of assets, indicating robust financial health. The company also invested in several new projects expected to generate revenue next quarter. However, company leadership cautioned about market risks and economic policies that could impact future operations.
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