BSR announced its Q3 results in which revenue and NPAT-MI declined by 14.2% YoY to VND23tn (USD1bn) and 50.2% YoY to VND598bn (USD26mn), respectively. We note that Q3’s NPAT jumped vs Q2’s NPAT of VND119bn (USD4.3mn), with profits in July, August and September of VND150/157/291bn (USD6.5/6.8/12.7mn).