VJC - Positive bottom line supported by financial income - Earnings Flash

• 2021-05-05T17:45:20
• Company Research

VJC released Q1 2021 results with revenue of VND4.0tn (USD173mn; -44% YoY) and NPAT-MI of VND124bn (USD5m) vs a loss of VND989bn (USD39mn) incurred in Q1 2020. VJC’s revenue and NPAT-MI completed 10% and 12% of our 2021F forecasts, respectively.