GEG - Lower-than-expected volume from wind power - Earnings Flash
  • 28 Jan 2022
  • Company Research
GEG released Q4 2021 results with revenue of VND443bn (USD19mn; -17% YoY) and reported NPAT-MI of VND102bn (USD4mn; +28% YoY). We attribute the strong Q4 2021 NPAT to (1) a one-off gain from the divestment of the Hyun Ha hydropower plants (3 MW), (2) slig