NT2 - Weak Q1 2021 earnings — in line with our expectation - Earnings Flash
  • 2021-04-20T22:44:14
  • Company Research
NT2 released Q1 2021 financial results with revenue of VND1.7tn (USD72mn; -4% YoY) and reported NPAT of VND115bn (USD5mn; -36% YoY), which were due to a 19% YoY decline in sales volume as well as a low competitive generation market price.2021 reported and adjusted NPAT completed 25% and 22% of our 2021 earnings forecast, respectively.