HPG - Q1 earnings drop as expected due to iron ore price hike - Earnings Flash
  • 2019-04-25T20:04:54
  • Company Research
HPG announced Q1 2019 results with net revenue of VND15.0tn (USD650.6mn, +15% YoY) and NPAT-MI of VND1.80tn (USD78.3mn, -19% YoY). This earnings result is slightly higher than the NPAT of VND1.7tn (USD73.9mn) which management shared at the AGM on March 29, 2019, as noted in our AGM note Management conservative ahead of new furnace launch.