AST - Narrower margin dampens earnings growth - Earnings Flash
  • 30 Jan 2020
  • Company Research
AST posted its 2019 results in which revenue jumped 32% YoY to VND1.1tn (USD49mn) and NPAT-MI climbed 19% YoY to VND191bn (USD8.2mn). We mainly attribute AST’s 2019 revenue growth to a higher number of airport retail stores (non-duty-free) coupled with a