REE – Lower earnings from power & water outweigh jump in M&E earnings, in line with our forecasts – Earnings Flash
  • 26 Apr 2024
  • Company Research
REE released its Q1 2024 results with revenue of VND1.8tn (-22% YoY) and reported NPAT-MI of VND480bn (-36% YoY). The YoY decrease in the bottom line can be attributed primarily to the plunging earnings from the power and water segments by 52%/39%, respec