The Q1 2025 financial report of STH shows promising financial indicators. Net revenue reached 200 billion VND, up 15% compared to the same period last year. Gross profit was 80 billion VND with a stable gross margin of 40%. However, operating costs increased by nearly 10%, resulting in net profit only rising by 5% to 30 billion VND.
The company also heavily invested in research and development, with R&D expenses being 10 billion VND, aimed at expanding products and services. STH plans to launch two new products next quarter, which could boost future revenues. Total assets of the company reached 1,200 billion VND, with debts accounting for 500 billion VND, reflecting stable financial capacity.
Despite market challenges, STH remains committed to a sustainable growth strategy and is determined to increase growth in upcoming quarters.
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