TDM - Strong volume growth in Q2 2021, as expected - Earnings Flash
  • 2021-07-20T21:44:08
  • Company Research
TDM released Q2 2021 results in which revenue reached VND113bn (USD4.9mn; +18% YoY) thanks to sales volume growth of 13% and a 5% increase in the water tariff. However, reported NPAT grew at a lower rate of 2% YoY to VND49bn (USD2.1mn) due to an increase in depreciation expenses of new assets — specifically the new Di An phase 3 water plant — and lower interest income.