Yeah1 profits double in Q3
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The profits for the first nine months topped VND22 billion, as against losses of over VND253 billion a year earlier, on revenues of VND207 billion, a year-on-year decline of 76%.
More than half the revenues came from media and advertising consultancy and event organization.
The company, whose equity stands at over VND900 billion, plans to increase it this year by issuing 78.6 million new shares to invest in digital media, tech media and fintech.
Questions & Answers
Q.What was the company's financial performance like for the first nine months of the year?
What was the company's financial performance like for the first nine months of the year?
Yeah1 recorded profits of over VND22 billion for the first nine months, a significant improvement compared to losses exceeding VND253 billion in the same period last year.
Q.Which business segments were the main contributors to Yeah1's revenue?
Which business segments were the main contributors to Yeah1's revenue?
More than half of the company's revenue came from media and advertising consultancy, along with event organisation. These areas were key to their overall financial performance.
Q.What are Yeah1's plans to increase its equity this year?
What are Yeah1's plans to increase its equity this year?
Yeah1 intends to increase its equity by issuing 78.6 million new shares. This capital will be used to invest in digital media, tech media, and fintech sectors.
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