KDH - Higher deliveries with margin expansion boost Q3 earnings - Earnings Flash
  • 2019-10-30T22:49:04
  • Company Research
KDH released its Q3 2019 results with net revenue of VND611bn (USD26.6mn, +50% YoY) and NPAT-MI of VND296bn (USD12.9mn, +76% YoY), which were mainly due to a partial recognition of pre-sold units at Verosa Park (total of 300 low-rise units; District 9, HCMC), deliveries of remaining units at Jamila (100% pre-sold, total of 870 condo units; District 9, HCMC) and non-core land plot transfers.