KDH - Q2 earnings decline YoY due to lower handovers, higher tax expenses - Earnings Flash

• 31 Jul 2023
• Company Research

- KDH released Q2 2023 results with revenue of VND587bn (USD25mn; -20% YoY) and NPAT-MI of VND248bn (USD11mn; -25% YoY). The declines are mainly due to a lower number of delivered units and higher effective tax expenses (equivalent to 38% of PBT in Q2 202