GELEX Corporation (GEX) has published its Q1/2025 financial report showing notable results. Consolidated revenue reached 7,916 billion VND, an increase of 18.9% year-on-year. Pre-tax profit hit 646 billion VND, up 67.8%. The primary growth driver was the electrical equipment sector, contributing 5,108 billion VND in revenue, a growth of 41.7%. Gross profit surged 33.2% to 1,598 billion VND, with a gross profit margin of 20.2%. By the end of Q1/2025, total assets amounted to 56,518 billion VND, with debts increasing by 17.8%. GELEX Electric achieved 608 billion VND in profit, quadrupling from the same period last year. Key projects in industrial zones and real estate are underway. GELEX continues to focus on high-tech products and effective investment management, adapting strategies to respond to market fluctuations.
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