NKG - High HRC prices drive robust Q3; margin steps down QoQ - Earnings Flash
  • 2021-10-28T00:00:00
  • Company Research

NKG reported strong Q3 2021 results with revenue VND7.5tn (USD327.4mn; +123% YoY and +7% QoQ) and NPAT-MI of VND607bn (USD26.4mn; +634% YoY and -28% QoQ) which were thanks to continued strong export sales volume and sustained high steel prices (hot rolled coil (HRC) prices have skyrocketed ~35% since end-2020 and remained high in Q3 2021). 

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