PHR released Q2 2021 results with revenue surging 64% YoY to VND451bn (USD19mn); however, NPAT-MI plunged 77% YoY to VND76bn (USD3.3mn). In H1 2021, PHR’s revenue was up 48% YoY to VND731bn (USD32mn) while NPAT-MI plunged 70% YoY to VND160bn (USD6.9mn). PHR’s H1 2021 revenue growth was mainly driven by the rubber and wood segments. Meanwhile, the IP segment posted a YoY plunge in revenue due to not having any one-off recognition in H1 2021 vs around VND84bn (USD3.6mn) in H1 2020