HSG reported Q3 FY2019 results with net revenue dropping 30% YoY (VND7.2tn/USD314.3mn) while NPAT-MI jumped 94% YoY (VND161bn/USD7.0mn). The discrepancy between top and bottom-line growth is due to strong recovery in EBIT margin and decreasing interest expenses. On a quarter-on-quarter basis, NPAT-MI showed a strong recovery to VND161bn (USD7.0mn) in Q3 FY2019 vs VND53bn (USD2.3mn) in Q2 FY2019.