HT1 reported weak Q1 2022 results with NPAT-MI falling 74% YoY to VND25bn (USD1.1mn) despite revenue increasing 12% YoY to VND2.0tn (USD85.1mn). The discrepancy between HT1’s Q1 2022 revenue and NPAT-MI was due to a strong compression in gross margin amid surging coal prices.  

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