CTD - Gross margin improves QoQ, but EBIT continues to fall in Q2 - Earnings Flash

• 31 Jul 2023
• Company Research

- CTD reported Q2 2023 revenue of VND3.6tn (USD153.3mn; +16% QoQ & +10% YoY) and NPAT-MI of VND30bn (USD1.3mn; +37% QoQ) vs a net loss of VND24bn (USD1.0mn) in Q2 2022. - CTD’s gross margin improved to 2.8% in Q2 2023 from a low of 1.8% in Q1 2023. Howeve