GEX released Q1 2021 results with revenue jumping 26% YoY to VND4.4tn (USD192mn) mainly from the electrical equipment segment (driven by rising copper prices). Meanwhile, reported NPAT soared 366% YoY to VND254bn (USD11mn), which was mainly due to a surge in financial gains from securities investment and higher income from industrial park associate company Viglacera Corporation JSC (HSX: VGC). GEX increased its ownership ratio in VGC to 46% in Q4 2020 vs 25% in Q1 2020.