GEX released Q4 2020 results with revenue jumping 37% YoY to VND5.9tn (USD256mn) thanks to the strong performance of the electrical equipment segment — which was driven by a surge in demand from renewable projects — and a recovery from the Phu Thanh My hydropower plant thanks to improved rainfall. Meanwhile, reported NPAT grew 85% YoY to VND253bn (USD11mn), which was partly due to lower SG&A expenses and no more other losses from the company’s water subsidiary, Song Da Water Investment JSC