VEA delivered upbeat Q2 2019 results, in which NPAT-MI rose 8% YoY in Q2 2019 after surging 23% in Q1 2019 vs a low Q1 2018 base. Overall, VEA’s H1 2019 NPAT-MI jumped 13% YoY on the back of a 12% increase in shared profits from automobile associates and a 164% surge in net interest income thanks to a larger cash balance and a step-up in deposit rates after VEA raised the tenure of its bank deposits in Q2 2018.