- GDT released 9M 2023 results with revenue and NPAT slumping by 36% and 56% YoY, respectively. 

- Q3 2023 revenue improved YoY from a low base. However, per management, GDT had to lower its selling price amid weak demand, which hurt its profit margins, As such, its NPAT hit only VND8bn (–20% YoY).

- Compared to Q2 2023, Q3 2023 revenue weakened. However, seasonality in SG&A expenses helped cushion NPAT QoQ.

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