HSG reported Q4 FY2020 financial statements (HSG’s financial year end is September 30) with revenue of VND8.3tn (USD362.8mn; +31% YoY) and NPAT-MI of VND450bn (USD19.6mn; +436% YoY). The official Q4 2020 NPAT-MI is 13% higher than the preliminary NPAT-MI of VND400bn (USD17.4mn) announced on October 12, 2020. For full-year FY2020, HSG achieved revenue of VND27.5tn (USD1.2bn; -2% YoY) and NPAT-MI of VND1.2tn (USD50.1mn; +219% YoY). We also note that HSG’s Q4 and thus FY2020 results were purely dri