HT1 - Net loss in Q3 following weak demand and high interest expenses - Earnings Flash

• 20 Oct 2023
• Company Research

- HT1 reported a net loss of VND10bn (USD0.4mn) in Q3 2023 primarily due to a sharp decline in revenue amid weak domestic demand and high interest expenses. - In Q3 2023, revenue was VND1.6tn (USD65.7mn; -21% QoQ & -30% YoY). HT1’s cement sales volume dro