DXS released its Q4 2024 results with revenue of VND557bn (USD22mn; +12% YoY but -4% QoQ) and NPAT-MI of VND36bn (USD1.4mn; compared to a loss of VND114bn/USD4.5mn in Q4 2023 and +4% QoQ). We attribute the largely unchanged QoQ earnings in Q4 2024 to DXS’