911 Group (NO1) Q3 2024 earnings summary

Executive summary

• Net profit after tax for Q3 2024 reached VND 4.77 billion, up 26.04% year-over-year, mainly due to a 145% increase in gross profit from sales.

• Nine-month net profit after tax totaled VND 19.42 billion, a significant rise from VND 6.24 billion in the same period last year.

• Management attributes profit growth to digital transformation and cost-saving measures.

Financial highlights

• Q3 2024 revenue: VND 226.2 billion, down from VND 258.8 billion in Q3 2023.

• Q3 2024 gross profit: VND 14.8 billion, up from VND 6.04 billion year-over-year.

• Q3 2024 net profit after tax: VND 4.77 billion, up 26.04% year-over-year.

• Nine-month 2024 revenue: VND 672.2 billion, up from VND 412.6 billion year-over-year.

• Nine-month 2024 net profit after tax: VND 19.42 billion, up from VND 6.24 billion year-over-year.

Outlook and guidance

• Management expects continued benefits from digital transformation and cost control.