VEA - Q3 earnings fall amid weak vehicle sales — results in line - Earnings Flash
  • 2021-11-01T00:00:00
  • Company Research

VEA released 9M 2021 results, including revenue of VND2.8tn (USD123mn; +5% YoY) and NPAT-MI of VND3.9tn (USD168mn; +1% YoY). In Q3 2021, revenue and NPAT-MI slumped 13% YoY and 52% YoY, respectively, as COVID-19 hurt motorbike (2W) and auto (4W) consumption. 


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