DCM - Weak Q3 urea ASP despite 18% higher international urea prices QoQ - Earnings Flash
  • 24 Oct 2023
  • Company Research
- DCM announced weak Q3 2023 results with revenue of VND3,011bn (USD123.4mn; -9% YoY) and NPAT-MI of only VND74bn (USD3.0mn; -90% YoY). - On a QoQ basis, Q3 2023 NPAT-MI fell 76%, which we mainly attribute to 1) a 2% lower estimated urea average selling p