VGG [Not Rated] - Rising labour costs to pressure FY16 earnings - AGM note
  • 2016-04-26T17:18:21
  • Company Research
We attended VGG’s AGM on April 23. The company saw an impressive performance in FY15 with both revenue and NPAT surpassing targets. However, rising labour costs due to compliance with the new labour law applicable from 1/1/2016 will put pressure on FY16 earnings.