GEG - Resilient Q1 2022 profit — in line with expectation - Earnings Flash
  • 2022-04-29T00:00:00
  • Company Research

GEG released Q1 2022 results with revenue surging 87% YoY to VND570bn (USD25mn) and reported NPAT-MI jumping 119% YoY to VND142bn (USD6mn). We attribute the strong NPAT results to additional earnings contributions from new wind plants that came into operation at end-October 2021, which outweighed a jump in interest expenses.


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