VTP - Low productivity reins in NI despite solid service revenue - Earnings Flash
  • 04 May 2022
  • Company Research
VTP announced its Q1 2022 results with revenue rising 12% YoY but NPAT-MI sliding 5% YoY. The weak bottom line was mainly due to (1) lower labor productivity as a result of COVID-19-related employee absences — which led to lower delivery profit margins —