BWE - Higher-than-expected Q2 2021 earnings - Earnings Flash
  • 2021-07-22T21:16:40
  • Company Research
BWE released Q2 2021 financial results with revenue of VND774bn (USD34mn; +12% YoY) and NPAT of VND169bn (USD7mn; +44% YoY), which were due to strong growth in the water segment as it was driven by 13% YoY sales volume growth, a 5% YoY increase in the water tariff and lower financial expenses (thanks to not having provision expenses for financial investments this quarter). H1 2021 revenue increased 2% YoY to VND1.5tn (USD63mn) while NPAT jumped 37% YoY to VND341bn (USD15mn).