IMP - COVID-19, marketing expenses curb earnings - Earnings Flash
  • 2021-07-20T21:14:32
  • Company Research
IMP released its Q2 2021 results with net revenue of VND317bn (USD13.8mn; +10% YoY) and NPAT of VND49bn (USD2.1mn; +4% YoY). For H1 2021, net revenue reached VND614bn (USD26.7mn; +4% YoY) while NPAT amounted to VND91bn (USD4mn; +3% YoY), which completed 36% and 35% of our respective full-year forecasts. We note that in 2018 and 2019 (2020’s quarterly results were abnormally volatile due to COVID-19), H1 NPAT accounted for 39%-42% of IMP’s full-year NPAT — excluding provisions for the science