GEX released Q3 results in which revenue grew 1.9% YoY to VND3.9tn (USD169.6mn) while reported NPAT and core NPAT declined 45.0% YoY and 5.2% YoY, respectively. The plunge in reported NPAT was due to no more gains from asset revaluation. Meanwhile, CAV’s strong profit growth could not compensate for the other subsidiaries, including HEM (electric motor producer) and STG (logistics).