GEX - Solid Q3 performance due to strong IP leasing, significant recovery of electrical equipment - Earnings Flash

• 01 Nov 2023
• Company Research

- GEX released Q3 2023 results with revenue of VND7.5tn (+7% YoY & -6% QoQ) and reported NPAT-MI of VND122bn (+7.4x YoY & -62% QoQ). The YoY jump in Q3 2023 reported NPAT-MI can be attributed to (1) gross profit from the industrial park (IP) leasing segme