CII - Huge losses in Q4 due to high interest expense burden - Earnings Flash
  • 2022-01-29T00:00:00
  • Company Research

CII released Q4 2021 results with net revenue plunging 73% YoY to VND644bn (USD28mn) and a loss of VND375bn (USD16mn) vs a loss of VND31bn (USD1.3mn) in Q4 2020.  These weak results in Q4 2021 were mainly due to muted real estate delivery recognition and high interest expenses in the quarter.

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