DRC - Earnings beat on stronger-than-expected margins - Earnings Flash
  • 2021-01-21T14:00:40
  • Company Research
DRC reported strong Q4 2020 results with revenue and NPAT-MI of VND1.1tn (USD48mn; +14.5% YoY) and VND110bn (USD5mn; +35.8% YoY), respectively. The higher growth rate in NPAT-MI vs revenue was mainly contributed by (1) the gross profit margin expanding and (2) a drop in interest expense that was derived from a decreasing debt burden.