STB - Core business drives forecast-beating results - Earnings Flash
  • 20 Jan 2021
  • Company Research
STB released consolidated results for 2020 with TOI of VND17.3tn (USD744mn; +18.0% YoY) and bottom-line net profit of VND2.7tn (USD116mn; +9.3% YoY), achieving 101.5% and 103.9% of our FY 2020 forecast, respectively. The increase in NPAT was mainly driven