HSG - Gain from asset liquidation offsets weak core performance - Earnings Flash
  • 30 Jan 2019
  • Company Research
HSG reported weak Q1 FY2019 results with net revenue of VND7.5tn (USD328mn, -4% YoY) and NPAT-MI of VND61bn (USD2.6mn, -82% YoY). Compressed gross margin and high interest expense continued to be the major burdens weighing down profit. More notably, HSG w