LHG - Weak earnings in Q3 with no IP land sales, as expected - Earnings Flash
  • 2021-10-28T00:00:00
  • Company Research

LHG released Q3 2021 results that are broadly in line with our current expectation. LHG’s Q3 2021 revenue was down 28% YoY to VND52bn (USD2.2mn) while its NPAT-MI declined 14% YoY to VND20bn (USD860,000). The weak earnings in Q3 2021 were mainly driven by the company not having any IP land sales revenue — in line with our current expectation.

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