High-speed ferry company Superdong – Kien Giang reports a sharp decline in profits due to a decrease in tourist arrivals to Phu Quoc.
Superdong – Kien Giang Joint Stock Company (stock code SKG) has just released its financial report for the third quarter of 2023, with a net revenue of VND 91.3 billion, a 21% decrease, and a post-tax profit of nearly VND 8 billion, a 42.3% decrease compared to the same period last year. According to the company’s explanation, there are two main reasons for the profit decline in the third quarter.
Firstly, information about tourism in Phu Quoc often involves high costs and price gouging, causing tourists to choose destinations with lower expenses.
The high-speed train company to Phu Quoc suffered a sharp decrease in profits because customers criticized Pearl Island as being expensive
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Source: Vietnam Insider