CII - Earnings trail our forecasts as high-margin project delayed - Earnings Flash
  • 2021-01-29T23:12:04
  • Company Research
CII posted Q4 2020 results with revenue surging 612% YoY to VND2.4tn (USD105mn) and NPAT-MI of VND8.1bn (USD350,000) vs a loss of VND258bn (USD11mn) in Q4 2019. CII’s top-line growth in Q4 2020 was mainly contributed by real estate segment revenue of VND2.0tn (USD86mn; +3.6x YoY) that primarily came from deliveries of the Diamond Riverside high-rise residential project in District 8, HCMC. Real estate revenue accounted for 82% of CII’s total revenue in Q4 2020.