TDM released its Q2 2020 results with revenue increasing 7.3% YoY to VND96bn (USD4.2mn) thanks to a 2.2% rise in sales volume (per our estimation) and a 5% increase in selling price. NPAT-MI soared 34.3% YoY to VND47bn (USD2.1mn), which was mainly driven by gross margin expansion and higher financial income. For H1 2020, revenue and reported NPAT reached VND179bn (USD8mn; +8.8% YoY) and VND78bn (USD4.8mn, +9.6% YoY), respectively, as a result of solid sales volume growth, a change in depreciat