GAS - Strong output gas prices outweigh weak volumes - Earnings Flash
  • 2021-10-22T00:00:00
  • Company Research

- GAS posted 9M 2021 results with revenue of VND59tn (USD2.5bn; +21.0% YoY) and net profit of VND6.7tn (USD283mn; +9.4% YoY) thanks to strong output gas prices outweighing weak gas volume. The average 9M 2021 fuel oil price — the benchmark for Vietnam’s gas prices — rose 62.0% YoY, while gas sales volume dropped 18.3% YoY.

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