DGC - Positive business momentum, ASP uptrend continues - Earnings Flash

• 20 Apr 2022
• Company Research

- DGC released stellar Q1 2022 results that are in line with our expectations, including revenue VND3.6tn (USD156mn; +86% YoY — 26% of our 2022F) and NPAT-MI of VND1.3tn (USD58mn; +370%YoY — 28% of our 2022F). We attribute these earnings surges primarily