NKG - Q2 earnings fall QoQ on gross margin compression - Earnings Flash
  • 30 Jul 2020
  • Company Research
NKG reported Q2 2020 results with revenue dropping 22% YoY to VND2.3tn (USD100.6mn) and NPAT-MI plunging 87% YoY to VND17bn (USD752,000). However, we note that NKG booked a one-off pre-tax gain of VND180bn (USD7.8mn) in Q2 2019 from transferring the land