SBA: Explanation of Business Result Fluctuations in 2024 Compared to 2023

In 2024, SBA recorded significant changes in business results compared to 2023. Revenue increased by 15% due to market expansion and new product development. However, production costs also rose due to increasing raw material prices and inflation. Pre-tax profit decreased by 5% due to higher operational costs, especially in marketing and personnel. The company invested heavily in new technology and improved operations, expecting these measures to enhance efficiency and reduce costs in the future. Additionally, SBA faced fierce competition from industry rivals, which affected its market share. It is forecasted that next year, SBA will focus on cost optimization and improving service quality to maintain sustainable growth.

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