KBC - Industrial park land sales pick up - Earnings Flash
  • 2018-05-03T14:11:34
  • Company Research
KBC reported Q1 2018 revenue of VND651bn (USD28.7mn, +49.6% YoY) and NPAT-MI of VND209bn (USD9.2mn, +17.9% YoY), which met 28.2% of our full-year NPAT-MI forecast. We assume this was driven by strong industrial park (IP) land sales in Q1 along with partial recognition of Phuc Ninh urban area (UA) land sales.