VNM - Gross margin gradually improves during past two quarters - Earnings Flash
  • 31 Oct 2023
  • Company Research
- 9M 2023 results: Net sales amounted to VND44.8tn (USD1.8bn; -0.3% YoY) and NPAT-MI was VND6.5tn (USD267mn; -1% YoY), fulfilling 71% and 70% of our respective full-year forecasts and falling behind our expectations. As such, we foresee potential downside