GEX - More one-off gain from divestment supports Q3 2020 earnings - Earnings Flash
  • 2020-10-30T22:35:45
  • Company Research
GEX released Q3 2020 results with revenue increasing 22% YoY to VND4.7tn (USD206mn), which was mainly driven by cable subsidiary CAV’s strong revenue growth as well as trading & other segments (+680% YoY). Meanwhile, reported NPAT was flat at VND183bn (USD8mn) as the weak performance of CAV and an increase in interest expenses offset a jump in financial income as GEX recorded financial gains from its divestment in SCI Nghe An CO.LTD — the 49%-stake associate company that owns the Canan 1 & 2 hyd