GEX - Higher-than-expected divestment gain, significant electrical equipment GPM expansion to drive earnings jump; upside evident – Earnings Flash
  • 01 Aug 2024
  • Company Research
GEX announced Q2 2024 revenue of VND8.3tn (+3% YoY), reported NPAT-MI of VND850bn (+165% YoY), and recurring NPAT-MI of VND192bn (-45% YoY). We attribute the 3% YoY revenue increase to 42% YoY higher revenue from electrical equipment (due to sales from ca