HT1 reported Q2 2021 results with net revenue up 11% YoY (VND2.3tn/USD98.3mn) and NPAT-MI growing 15% YoY (VND241bn/USD10.5mn). HT1’s gross margin in Q2 2021 recovered to 19.4% vs 13.8% in Q1 2021 but was low compared to 20.6% in Q2 2020, which led to Q2 2021 EBIT growth of only 5% YoY. Despite the modest EBIT growth, lower interest expenses (which fell 47% YoY in Q2 2021) continued to be the main support for 15% YoY NPAT-MI growth in Q2 2021.