TNC Company recently published its Q1 2025 financial report, highlighting a notable change in its net profit (NP) compared to Q1 2024. The net profit for this quarter decreased by 15% year-on-year. The primary reasons for this decline were identified as a decrease in revenue from the company’s main activities alongside an increase in production and management costs. Although the company attempted to optimize its production process and reduce expenses, the results fell short of expectations. Moreover, the impact of the global market and fierce competition imposed additional pressure on TNC’s revenues. The management stated that they would continue to implement new technologies to enhance productivity and product quality while also seeking new collaboration opportunities to improve financial conditions in the upcoming quarters.
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