BSR – Robust volume, but reduced profitability from lower crack spreads, trailing expectations - Earnings Flash
  • 02 May 2024
  • Company Research
BSR released its Q1 2024 results with revenue of VND30.7tn (-10% YoY) and reported NPAT-MI of VND1.1tn (-30% YoY). The YoY decrease is mainly due to (1) 4% YoY lower sales volume because of planned maintenance (50 days, from 15 March to 1 May), and (2) a