VNM - Muted sales growth; margins remain under pressure - Earnings Flash
  • 31 Oct 2022
  • Company Research
- VNM released its 9M 2022 results, including revenue of VND44.9tn (USD1.8bn; -0.5% YoY) and NPAT-MI of VND6.6tn (USD271mn; -20.3% YoY), completing 71% and 68% of our respective full-year forecasts and behind our expectations. As such, we see potential do