TLG - Steady gross margin bolsters H1 profit growth - Earnings Flash
  • 2017-08-01T17:53:43
  • Company Research
H1 2017 net revenue and NPAT-MI reached VND1.25 trillion (USD55.3 million, +20% vs H1 2016) and VND159 billion (USD7.0 million, +17% vs. H1 2016), respectively, which was higher than our profit expectation. TLG continued to show solid top line growth while being able to maintain a strong gross margin despite a high base margin in 2016, when input plastic prices were weak. As results came in stronger than our expectation, we will likely increase our 2017 full-year forecasts for TLG.