The Royal International Corporation (RIC) has announced its Q1/2025 business results, reporting a net revenue of 29.1 billion VND, an increase of over 8% compared to the same period in 2024. The revenue primarily derived from club operations (19.7 billion VND) and villa hotels (9.5 billion VND). The company’s leaders stated they have implemented various measures to stabilize and expand the customer base, enhancing service quality. The gross profit for Q1/2025 reached 4.3 billion VND, a significant increase year-on-year. The company also adopted cost-saving measures, reducing net loss to 9.3 billion VND, down from nearly 12.7 billion VND in Q1/2024. As of March 31, 2025, RIC’s total assets amounted to 923 billion VND, with fixed assets accounting for the majority. Total liabilities decreased by nearly 2% from the beginning of the year, totaling 359 billion VND.
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