DPM – 2023 earnings track behind our forecast – Earnings Flash
  • 30 Jan 2024
  • Company Research
DPM announced weak Q4 2023 results with revenue of VND3.4tn (-13% YoY) and NPAT-MI of VND108bn (-91% YoY). Q4 2023 NPAT-MI jumped 1.7x from weak NPAT-MI of VND64bn in Q3 2023, which is mainly due to 1) a 7% higher estimated urea average selling price (ASP