POW – Q1 NPAT completes 23% of full-year projection despite huge loss from NT2; slight upside potential evident – Earnings Flash

• 02 May 2024
• Company Research

POW released its official Q1 2024 results with revenue of VND6.3tn (-16% YoY) and NPAT-MI of VND278bn (-48% YoY), fulfilling 20%/23% of our respective full-year forecasts. The YoY decline in Q1 2024 revenue can be attributed to (1) an 11% YoY decrease in