NLG - Weak Q3 profit result; SG&A expenses higher than our forecast - Earnings Flash
  • 20 Oct 2022
  • Company Research
NLG announced mixed Q3 2022 results with net revenue of VND882bn (USD36mn; +484% YoY vs Q3 2021’s low base) thanks to the deliveries of Akari City Phase 1 and Southgate; however, its NPAT-MI declined 97% YoY to VND7.9bn (USD0.3mn) mainly due lower financi