SAB - Earnings slightly beat on lower SG&A expenses - Earnings Flash
  • 27 Jan 2021
  • Company Research
SAB released Q4 2020 results. Revenue declined 19% YoY but NPAT-MI jumped 45% YoY on the back of (1) GPM expansion, (2) lower operating expenses and (3) lack of one-off provision expenses such as those related to a minority-stake investment that were reco