Clever World Joint Stock Company reported consecutive losses

Clever World Joint Stock Company, the retail arm of Thien Long Group, has incurred consecutive losses in its first two years of operation (2022 and 2023). Specifically, the company reported a loss of VND 877 million in 2022 and VND 9.7 billion in 2023. The primary reason identified for these losses is excessively high selling expenses, leading to direct losses from its core retail business, despite significant revenue growth. This situation poses a major challenge for the parent company, Thien Long Group, regarding cost management and investment efficiency.

Clever World Joint Stock Company, the retail arm of Thien Long Group, has incurred consecutive losses in its first two years of operation (2022 and 2023). Specifically, the company reported a loss of VND 877 million in 2022 and VND 9.7 billion in 2023. The primary reason identified for these losses is excessively high selling expenses, leading to direct losses from its core retail business, despite significant revenue growth. This situation poses a major challenge for the parent company, Thien Long Group, regarding cost management and investment efficiency.

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