HSG - Margin compression continues to wipe away volume gains - Earnings Flash
  • 31 Jul 2018
  • Company Research
HSG reported weak Q3 FY2018 results as revenue jumped 43% YoY but NPAT-MI plummeted by 69% to reach only VND82.9bn (USD3.6mn). The large divergence between top and bottom lines continued to be driven by collapsing gross margin and high interest expenses d