NKG - Core earnings turnaround; one-off gain futher supports profit - Earnings Flash
  • 2019-07-30T20:46:04
  • Company Research
NKG reported Q2 2019 results in which NPAT-MI grew 25% YoY (VND136bn/USD5.9mn) while revenue dropped 31% YoY (VND3.0tn/USD128.9mn). The discrepancy between top and bottom-line growth was mainly due to a one-off pre-tax gain of VND180bn (USD7.8mn) from an asset liquidation as noted in our last update report Slow profit turnaround looms over 2019 outlook dated May 20, 2019.