HDC – 2024 earnings fall short of expectations as stake sales not recorded in Q4 – Earnings Flash
  • 24 Jan 2025
  • Company Research
HDC reported low Q4 2024 results with revenue of VND165bn (USD6mn; +33% QoQ and -14% YoY) and NPAT-MI of VND192mn (USD7.5k; vs VND13bn/USD0.5mn in Q3 2024 and VND43bn/USD1.7mn in Q4 2023), primarily due to weak property handovers and tax expenses. In 2024