GKM Holdings profit plunges 90% despite asset growth

GKM Holdings reported a 90% plunge in profit after tax for 2024, despite total assets rising 6.88% to VND 462.6 billion.

Net revenue fell 12.27% to VND 340.2 billion, while profit from business activities crashed 89.84% to VND 5.2 billion from VND 50.5 billion in 2023.

The company's solvency ratios weakened, with current and quick ratios dropping from 2.70 to 2.38. The payout ratio reached 133%.