The Q1 2025 financial report of PEN shows a positive development in revenue, with a growth of 15% compared to the same period last year. Revenue reached 10 million USD, mainly due to market expansion and improved production processes. Operating costs also increased but were controlled at 8 million USD, maintaining a gross profit margin of about 20%. Net profit reached 2 million USD, up 10% from Q1 2024. The company has invested more in new technology and personnel, aiming to improve productivity and product quality. Projects to expand the factory have been launched to meet the increasing market demand. Overall, PEN’s management is very optimistic about the business outlook in the upcoming quarters.
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