- 2023-09-07T00:00:00
- Company Research
- We provide an update on Dabaco Group (HOSE: DBC) following our last report, dated January 4, 2022.
- In H1 2023, DBC’s revenue edged down by 0.5% YoY while its NPAT shrank to VND6.1bn (-73.4% YoY), which was mainly due to the company’s underperformance in Q1 2023 resulting from low live hog prices, high feed costs, and rising interest expenses (see page 6).
- In Q2 2023, DBC’s NPAT rebounded to VND327bn as live hog prices began to recover in March 2023 and there was a VND150bn contribution from the 4.1-ha Parkview residential housing project to the company’s overall net profit.
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