HSG reported Q4 FY2019 results with revenue dropping 26% YoY (VND6.4tn/USD276.1mn) while NPAT-MI reached VND84bn (USD3.6mn) vs a loss of VND102bn (USD4.5mn) in Q4 FY2018. The discrepancy between top and bottom-line growth was mainly due to a strong reduction in interest expense in addition to a gross margin expansion largely offsetting low sales growth.