VIC reported 2019 results in which EBIT slightly declined by 7% YoY to reach VND10.7tn (USD465mn) as continued solid performance from the property sales (i.e., strong bulk sales from mega Vinhomes developments) and leasing segment as well as improving margins partly offset EBIT losses incurred by other segments — including substantial initial operating losses of the industrials segment. However, VIC’s 2019 NPAT-MI skyrocketed 99% YoY to reach VND7.5tn (USD326mn), primarily driven by a Q4 2019