(PLO)- While consumers and businesses are tightening their belts, there are companies that have recorded record growth in both revenue and profit.
Recently, Golden Gate Trading and Service Company has just released its financial report for 2022, which recorded a record growth in both revenue and profit.
Specifically, net revenue reached VND 6,965 billion (equivalent to earning more than VND 19 billion per day), more than twice that of 2021. In which, revenue from selling food and beverages was VND 6,955 billion. Gross profit reached VND4,314 billion, equivalent to an increase of 124%, the highest since 2014.
Also according to the latest data on payment platform Payoo, the food and beverage (F&B) industry is one of the few sectors that maintains good growth.
Currently, the food and beverage segment of mid-range restaurants and fast food chains (spending VND 150,000 – VND 300,000 / person) has achieved a growth rate of 30% compared to the previous quarter. Particularly, the group of milk tea and coffee products with the average unit price of 40,000 – 70,000 VND/piece had a slight increase of nearly 5% compared to the fourth quarter of 2022.
|
Illustration |
The leader of Payoo company said that: Economic challenges may affect the majority of consumers, but not all. In the general context of many difficulties, society always has those who are immune to the crisis because of their enormous wealth and spending power.
That’s why, although many common items have decreased in purchasing power, some spending on high-end goods, services, and jewelry has remained stable, even increased slightly.
Statistics of the F&B industry in the Payoo payment platform, fine-dining restaurants with a spending level of about 1 million VND/person per meal still show steady growth, even showing attract more customers although the average value of each order in this quarter increased by 7% compared to the previous quarter.
Besides, the group of jewelry and gemstone products also had an average increase of 10%. Although not the peak season, the purchasing power of luxury fashion brands was recorded at the same level as the previous quarter.
 |
|
The purchasing power of jewelry did not decrease compared to the previous quarter |
Due to the greater demand than supply and the scarcity of this item, watches and bags from high-end brands have also become an attractive and highly profitable investment in the context of financial investment channels. recent lack of cash flow and liquidity.
Spending money aggressively while most others practice thrift, from an economic point of view, this group of “rich people” willing to consume are the factors that stimulate and maintain the circuit of the market. If all is frugal, signs of a recession could lead to a real crisis.
This is considered positive news in the context that the number of dissolved enterprises continues to increase.
Looking at the data released by the General Statistics Office, in just the first three months of this year, 60,241 enterprises withdrew from the market, up 17.4% over the same period in 2022. Of which, the majority were enterprises choose to suspend business in the short term (accounting for 71.1%).
How to be safe when paying online?
THUY LINH
