NLG - Q3 NPAT-MI growth supported by YoY increase in handovers and deferred tax - Earnings Flash

• 20 Oct 2023
• Company Research

- NLG’s Q3 2023 underlying property revenue (including revenue from the joint-venture Mizuki Park project) was VND1.3tn (USD54.6mn; -13% QoQ but +52% YoY) and its NPAT-MI was VND66bn (USD2.8mn; +8.4x YoY). The growth of NPAT-MI was primarily supported by