CII - Results miss expectation as land bank revaluation delayed - Earnings Flash
  • 2019-01-23T18:10:35
  • Company Research
CII posted its unaudited 2018 results. Consolidated revenue was up 33% YoY to VND2.7tn (USD117mn), while NPAT-MI dropped 94% YoY to VND86bn (USD3.7mn). The solid revenue growth was mainly driven by deliveries of CII’s Lakeview (LV) 1 and 2 residential real estate projects in the Thu Thiem area in HCMC, which led to real estate revenue accounting for around 48% of total revenue (2017: 1%).