GAS - Q4 trails forecast on low volume, provision expenses - Earnings Flash
  • 2022-01-21T00:00:00
  • Company Research

GAS announced Q4 2021 results with revenue of VND20.2tn (USD877mn; +30.0% YoY) and net profit of VND2.0tn (USD85mn; +16.8% YoY). The higher Q4 2021 revenue and net profit were driven by fuel oil (FO) and LPG prices increasing 64.6% YoY and 90.9% YoY respectively, which outweighed gas sales volume declining 25.7% YoY. 



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