- HDG released Q1 2023 results with NPAT before MI of VND357bn — 43% higher than the preliminary number announced at the company’s AGM.

- Q1 2023 NPAT-MI was VND303bn (+24% YoY) — completing 36% of our 2023F forecast. The robust earnings growth was mainly thanks to the strong performance of the energy segment, which recorded revenue of VND543bn (+14% YoY) and gross profit of VND397bn (+22% YoY).