FRT - Earnings step up in Q2 on higher iPhone, accessory sales - Earnings Flash
  • 2019-07-18T21:00:05
  • Company Research
We attended FRT’s analyst meeting today. Management disclosed prelim H1 2019 results, in which revenue rose 7% YoY while PBT advanced 10% YoY. Excluding pharmacy, which posted revenue of VND160bn (USD6.8mn) and a loss of VND12bn (USD0.5mn) in H1 2019, we estimate FRT’s mobile business recorded a 5% YoY increase in revenue and a 16% YoY jump in PBT. H1 2019 results suggest an acceleration in both revenue and PBT growth in Q2 2019.