DPM released its 9M 2019 results with net revenue of VND5.4tn (USD232mn, -22.6%YoY) and NPAT-MI of VND144bn (USD6.2mn, -73.9%YoY). The weak 9M profit was due to 1) losses from the new combined NH3-NPK plant and 2) urea sales volume dropping 32.8% due to 72 days of maintenance in H1 coupled with unfavorable weather in Q3. In Q3 2019, DPM’s revenue and NPAT-MI declined by 13.7%YoY and 60.8%YoY, respectively. Nevertheless, Q3 sales volume and NPAT-MI showed improvements vs H1 2019 as the urea pla