VNG: Explanation of the post-tax profit difference in the audited 2024 compared to 2023

VNG’s report indicates a significant difference in post-tax profit for the company in 2024 compared to 2023. The primary reasons for this disparity are attributed to changes in the business strategy and market conditions. Specifically, VNG has heavily invested in developing new technology products and distribution channels, leading to increased operating costs. However, the company expects these investments to yield higher profits in the coming years. Additionally, heightened competition in the tech industry has also impacted VNG’s revenue and net profit.

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