LHG - Q2 profit plunges YoY due to no IP land sales recognition - Earnings Flash
  • 28 Jul 2023
  • Company Research
- LHG announced Q2 2023 results with revenue of VND67bn (USD2.8mn; -71% YoY) and NPAT-MI of VND24bn (USD1.0mn; -40% YoY). The top-line decline was due to a lack of IP land sales recognition in Q2 2023 vs VND173bn (USD7.3mn) in Q2 2022. - In H1 2023, LHG’s