CII - Financial income drives up earnings; weak core results - Earnings Flash
  • 2020-04-29T20:25:58
  • Company Research
CII posted its Q1 2020 results with revenue falling 18% YoY to VND472bn (USD20mn) and NPAT-MI of VND246bn (USD11mn) vs a loss of VND5.5bn (USD200,000) in Q1 2019. The divergence between the top and bottom line in Q1 was due to a 327% YoY surge in financial income to VND575bn (USD25mn) that was mainly derived from CII’s 80% stake transfer in the Riverpark project Phase 1 to its strategic partner in early Q1 2020.