LPB - Strong fee income counteracts high credit costs - Earnings Flash
  • 19 Jan 2023
  • Company Research
LPB released 2022 results with TOI of VND14.2tn (USD600mn; +41.0% YoY) and bottom-line net profit of VND4.5tn (USD191mn; +57.0% YoY), achieving 103.9% and 98.4% of our FY2022 forecasts, respectively. The surge in NPAT was mainly due to (1) a 32.0% YoY inc