The Q1 2025 financial report of PVY shows a significant improvement in the company’s business situation. Net revenue reached 150 billion VND, an increase of 20% compared to the same period last year. Gross profit reached 45 billion VND, with a gross profit margin of 30%. The company implemented various measures to optimize costs, reducing operating expenses to 30 billion VND.
As of the end of Q1, total assets amounted to 800 billion VND, with fixed assets accounting for 60%. The company also increased its cash reserves, enhancing its liquidity. The accounts receivable turnover improved, with the debt-to-equity ratio reducing to 1.5 times.
In the upcoming period, PVY plans to expand its market and strengthen investment in research and development of new products. The leadership believes that with this growth momentum, the company will achieve its revenue target of 600 billion VND in 2025.
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