- HT1 announced Q3 2022 revenue of VND2.3tn (USD92.3mn), jumping 118% YoY from last year’s low base but dipping 5% QoQ as Q3 usually is the low season for domestic construction activities. HT1 achieved NPAT-MI of VND37bn (USD1.5mn) in Q3 2022 compared to a VND20bn (USD0.8mn) loss in Q3 2021. However, Q3 2022 NPAT-MI dropped 73% QoQ mostly due to gross margin compression resulting from high input coal prices.

- For 9M 2022, HT1 achieved revenue and NPAT-MI of VND6.6tn (USD269.5mn; +31% YoY) and VND204bn (USD8.3mn; -36% YoY), respectively. 

- In Q3 2022, HT1’s cement sales volume was 1.66 million tonnes (+80% vs last year’s low base due to COVID-19 and -7% QoQ). This amount translates to 9M 2022 sales volume of 4.96 million tonnes (+15% YoY), fulfilling 74% of our 2022 full-year forecast of 6.7 million tonnes.