The Q1 2025 financial report of V21 shows that the company recorded revenue of 500 billion VND, up 20% compared to the same period last year. Net profit reached 100 billion VND, equivalent to a profit margin of 20%. The company’s total assets at the end of Q1 reached 2,500 billion VND, an increase of 15% compared to Q4 2024. Operating costs increased, mainly due to investments in new technology and expanding the distribution system. The company also stated that it will continue to invest in research and development of new products in the upcoming time to enhance competitiveness in the market. Despite facing some difficulties in recruiting quality personnel, V21 remains optimistic about growth prospects in the next quarter.
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