CII - Weak Q2 results, as expected - Earnings Flash
  • 2020-07-30T21:06:45
  • Company Research
CII posted Q2 2020 results with revenue rising 43% YoY to VND652bn (USD28mn) while NPAT-MI declined 63% YoY to VND18bn (USD780,000). The divergence between the top and bottom lines was mainly due to a high base of net other income in Q2 2019.CII’s top-line growth in Q2 2020 was mainly driven by (1) the real estate segment’s revenue of VND289bn (USD12mn; +113% YoY), which was primarily contributed by deliveries of the Son Tinh landed property project in Quang Ngai Province