Vietnam Sun Corporation (Vinasun, HoSE: VNS) reported its after-tax profit of VND 14.16 billion was the lowest since Q2 2022
Vietnam Sun Corporation (Vinasun, HoSE: VNS) reported a 15.9% year-on-year decrease in net revenue for Q1 2025, reaching VND 234.39 billion, and its after-tax profit of VND 14.16 billion was the lowest since Q2 2022. This decline is attributed to increased operating costs and intense competition from ride-hailing apps. Vinasun's Q1 2025 market share by revenue was only 2.36%, far behind XanhSM (39.85%) and Grab (35.57%).
Vietnam Sun Corporation (Vinasun, HoSE: VNS) reported a 15.9% year-on-year decrease in net revenue for Q1 2025, reaching VND 234.39 billion, and its after-tax profit of VND 14.16 billion was the lowest since Q2 2022. This decline is attributed to increased operating costs and intense competition from ride-hailing apps. Vinasun's Q1 2025 market share by revenue was only 2.36%, far behind XanhSM (39.85%) and Grab (35.57%).
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