Phú Thọ Tourist (DSP), operator of Đầm Sen park, posted an after-tax loss of over VND15.3 billion in Q3, though the loss narrowed sharply from over VND55.3 billion a year earlier. Net revenue for the quarter reached over VND50.4 billion, up about 12%, but cost of sales of over VND66 billion still exceeded revenue, with land lease costs accounting for about 35% of total cost of sales. For the first nine months, the company lost over VND28.1 billion after tax, bringing accumulated losses to over VND417 billion, while owners' equity stood at VND839.4 billion. The company says urban parks, walking streets and large commercial centres attract local visitors with free or low-cost activities, and competition from Suối Tiên, VinWonders and others means fewer repeat visits. It aims to renew its products for Gen Z, Gen Alpha and families, and to resolve land-use rights and the 1/500 detailed planning, its biggest obstacles to large-scale investment.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chủ quản Đầm Sen tiếp tục lỗ
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