VTP - Earnings miss due to high delivery and overhead costs - Earnings Flash
  • 29 Jan 2022
  • Company Research
VTP released its 2021 results, in which revenue surged 24% YoY while NPAT-MI fell 23% YoY. The weak earnings were due to Vietnam's strict social distancing measures that increased delivery failure rates, costs and time as well as higher SG&A expenses. Per