VIC - Q1 in line with our forecast - except hospitality segment - Earnings Flash
  • 2021-05-04T22:15:24
  • Company Research
VIC posted Q1 2021 revenue of VND23.3tn (USD1.0bn; +52% YoY) with solid performances from the property sales and industrial segments. If including property revenue from bulk sales transactions that were recorded as financial income, VIC’s Q1 2021 underlying revenue would reach VND25.0tn (USD1.1bn; -5% YoY). In term of EBIT performance, Q1 2021 property sales (Vinhomes/VHM), retail leasing (Vincom Retail/VRE) and industrials (VinFast & VinSmart) were broadly in line with our expectation.