SCS - Strong ASP drives positive Q3 results despite weaker-than-expected cargo volume - Earnings Flash

• 18 Oct 2024
• Company Research

SCS announced its 9M 2024 results with net revenue of VND743bn (USD29.7mn; +47% YoY; 77% of our 2024F forecast) and NPAT-MI of VND523bn (USD20.9mn; +41% YoY; 80% of our 2024F forecast). In Q3, net revenue was VND266bn (USD10.6mn; +55% YoY, +1% QoQ) and NP