The financial report for Q1 2025 from SVD shows a significant change in net profit (NP) compared to Q1 2024. In an unstable economic context, SVD’s NP reached 100 billion VND, a decrease of 15% from the same period last year. The main reasons include a decline in revenue from core business activities due to reduced market demand and rising financial costs. Although the company implemented cost-saving measures, they were insufficient to offset revenue losses. External factors such as inflation and intense competition also affected SVD’s operations. The company is committed to improving business efficiency and exploring new opportunities to restore NP in the upcoming quarters.
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