POW - Strong sales volume, ASPs drive core NPAT to double YoY; slight upside potential evident – Earnings Flash
  • 29 Apr 2025
  • Company Research
Q1 2025: Sales volume was 4.3bn kWh (+22% YoY, 22% of our 2025F forecast excl. Nhon Trach 3&4 (NT 3&4)); revenue was VND8.2tn (+31% YoY, 22% of our 2025F forecast excl. NT 3&4); reported NPAT-MI was VND445bn (+61% YoY, 34% of our total 2025F forecast); co