The Q1 2025 financial report of TOT shows promising results in business operations. Revenue reached 500 billion VND, an increase of 15% compared to the same period last year, mainly due to market expansion and increased customers. Net profit reached 100 billion VND, thanks to cost savings and effective management. However, the company also faced challenges such as exchange rate fluctuations and increasing competition in the industry. TOT’s current assets are currently 1.2 trillion VND, while current liabilities stand at 800 billion VND, indicating good liquidity. Operating expenses decreased by 5% compared to the same period, around 300 billion VND, due to optimizing production processes and minimizing waste. In summary, TOT has made a positive start to the fiscal year, although it needs to monitor risk factors that could impact results in the upcoming quarters.
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