DGC - Weak sales volume, ASP – results in line with expectation - Earnings Flash
  • 2023-04-21T00:00:00
  • Company Research

- DGC released its Q1 2023 results, which included NPAT-MI of VND786bn/USD33mn (-41% YoY & -24% QoQ; 24% of our 2023F). 

- We estimate that sales volume dropped 15% YoY and ASP slumped 20% YoY. DGC’s Q1 2023 sales volume and ASP equal 23% and 120% of our 2023F, respectively.

- Industrial phosphorus chemical revenue dropped 35% YoY as demand for most end uses weakened — especially from the electronics sector.

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