Vietnam Manufacturing, Processing and Export (00422) released annual results, loss attributable to equity holders of US$3.844,500, year-on-year profit to loss

According to the Zhitong Finance App, Vietnam Manufacturing, Processing and Export (00422) released results for the year ended December 31, 2024, with revenue of US$81.384 million, a year-on-year decrease of 22.83%; loss attributable to equity holders was US$3.844,500; profit attributable to equity holders during the same period last year was US$1,6862 million, a year-on-year profit and loss; a basic loss of 0.0042 US dollars per share.

The announcement said that in terms of export sales, revenue declined mainly due to a sharp decline in sales in Thailand. The Group mitigated the impact of declining sales in the Thai market by stabilizing the Malaysian and Philippine markets and developing new European markets. Domestic sales in Vietnam benefited from the launch of new locomotive models, which boosted sales performance and offset some of the decline in revenue. The Group will continue to actively explore new models and customers to seek business growth opportunities, increase revenue, and create higher value.