GAS - Weak Q1 volume due to low demand from power plants - Earnings Flash
  • 28 Apr 2021
  • Company Research
GAS posted Q1 2021 results with revenue of VND17.6tn (USD764mn; +2.8% YoY) and NPAT-MI of VND2.0tn (USD87mn; -13.0% YoY), which was mainly due to a 15.4% YoY decline in sales volume that outweighed average fuel price rising 31.2% YoY to USD351/ton. The we