In the first quarter of 2025, NAV reported a discrepancy in net profit compared to the same period last year. The main reasons for this decline include decreased revenue from old projects, rising costs due to material shortages, and intense competition in the industry. Despite the company implementing measures to optimize production processes and reduce costs, external factors such as unfavorable market conditions significantly impacted financial results. Additionally, NAV has recorded some investment returns that did not meet expectations, further reducing net profit for the quarter. Overall, despite efforts for improvement, adverse factors have led to the profit decline the company is currently facing.
Leave a Reply