The financial report for Q1 2025 of SBM shows several key metrics. Revenue reached 150 million USD, a 10% increase compared to the same period last year. Gross profit was 50 million USD, maintaining a stable gross margin of 33%. Operating expenses rose by 5% due to increased marketing and personnel costs.
Net profit for the quarter was 25 million USD, corresponding to a net profit margin of 17%. The company has invested in several new projects to expand its market presence and enhance competitiveness. Notable challenges include rising shipping costs and fluctuations in raw material markets.
SBM also announced plans to strengthen its research and product development activities to meet the growing consumer demand. By the end of Q1, the company’s total assets reached 500 million USD, with liabilities of 300 million USD.
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