GAS - Higher-than-expected FO price; resilient gas sales volume - Earnings Flash
  • 28 Jul 2023
  • Company Research
- GAS announced its Q2 2023 results with revenue of VND24tn (USD1bn; -13.1% YoY) and NPAT-MI of VND3.2tn (USD134mn; -38.0% YoY). We attribute the 13.1% YoY decrease in revenue to a 31% YoY lower average fuel oil (FO) price, which outweighed resilient gas