HT1 reported Q4 2020 results with revenue sliding 3% YoY (VND2.2tn/USD96.2mn) while NPAT-MI dropped 27% YoY (VND154bn/USD6.7mn). The YoY fall in NPAT-MI was mostly due to strong gross margin compression as HT1 kept selling prices at a lower level compared Q4 2019 (flat vs Q3 2020) to support sales volume.