The Q1 2025 financial report of SZB reveals key highlights. Revenue for the quarter reached $150 million, a 10% increase year-on-year. Pre-tax profit was $30 million, slightly down 5% due to rising operational costs. This is the first quarter calculated under new accounting standards, which require recognizing some expenses more heavily, reducing profits. Depreciation of assets also increased due to significant investments in infrastructure last year. Total assets stand at $1 billion, with short-term debt making up 20% and long-term debt 30%. The company is optimistic about recovery in the next quarter due to positive market forecasts. Management proposes boosting investments in research and development to drive sustainable growth. Increased revenue from new products is expected to improve financial performance in the future. Despite facing temporary challenges, SZB remains committed to its long-term growth strategy.
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