It is unreasonable to run a lottery business that loses money because many customers win.

Ha Tinh Lottery Company Limited has just been placed under special financial supervision due to prolonged losses. The company's leaders explained that the reason for the losses was due to many customers winning prizes and large payouts, leading to poor business results.

However, many experts believe that this reason is not convincing and is just the tip of the iceberg.

Mr. Ngo Tri Long, an economic expert, said that explaining that business losses are due to customers winning too many prizes is completely unreasonable. In the lottery business, all risks and winning probabilities, the number of tickets sold, the total prize value, etc. are all forecasted, calculated in detail, and carefully managed to ensure that the issuer always achieves a certain level of profit.

Not only that, lottery companies also have risk management plans to deal with unexpected situations such as multiple winners at the same time.

In addition, lottery businesses often have to set up reserve funds to ensure that there is enough money to pay out large prizes and handle unexpected situations. Usually, this fund is deducted from a portion of the revenue from lottery ticket sales, ensuring that the payment of prizes does not greatly affect the overall profits of the business.

Ha Tinh Lottery Company Limited. Photo: Vietnamnet

Therefore, it is hard to believe that a business like Ha Tinh Lottery Company reported losses due to errors in forecasting and managing the number of winning customers. This not only surprised the public but also raised questions about the company's professionalism and transparency in managing business operations.

Many believe that the real cause may lie in other issues, such as high operating costs, ineffective management, or even other internal issues that the company has not disclosed. Therefore, others believe that financial monitoring alone is not enough.

To clarify the cause and overcome the prolonged loss situation, a comprehensive inspection is needed. This will help to accurately identify problems in the company's financial management and business operations, thereby proposing remedial measures, ensuring that lottery business operations in Ha Tinh are transparent, improving risk management efficiency, financial safety and profitability in the future.

While businesses, especially in sensitive fields such as lottery, face pressure from public opinion and inspection from authorities, it is extremely important to publicly disclose and be transparent about their financial situation.

Only by providing a clear and complete explanation of the cause of the current situation can Ha Tinh Lottery restore the trust of stakeholders and the reputation of the business!

Source: https://congthuong.vn/kinh-doanh-xo-so-ma-lo-vi-khach-trung-nhieu-la-vo-ly-330611.html