Economy Local February 27, 2025

Song Revealing Its Financial Results for the Year 2024

The group announced its audited financial results for the fiscal year ending on December 31, 2024, detailing financial performance and market expansion.


Song Revealing Its Financial Results for the Year 2024

The grocery store reported its financial results for the fiscal year ending December 31, 2024. The company's revenue for this period increased by 8%, reaching 10 million dollars. Net profit also grew by 12% and amounted to 1.5 million dollars.

The company highlighted the successful completion of a strategic program aimed at increasing production efficiency, which contributed to a 10% increase in operating profit compared to the previous period. 'We are pleased to achieve these results and are confident in the further growth of the company thanks to our efforts to improve the effectiveness and quality of the products we offer,' noted the general director.

As a result of improvements in operational efficiency and cost management, the company was able to increase the gross margin by 2%. Additionally, a number of new successful products were launched, which also contributed to the revenue growth.

The company plans to continue investing in improving production processes and developing new products in the next fiscal year with the aim of enhancing its competitiveness in the market.