- 2022-01-28T00:00:00
- Company Research
VRE posted Q4 2021 results with revenue of VND1.4tn (USD59.4mn; -58% YoY) and NPAT-MI of VND122bn (USD5.3mn; -87% YoY) as the lingering effects from the fourth wave of COVID-19 in Vietnam that began in Q3 2021 continued to drag on VRE’s shopping mall traffic and performance in Q4 2021. Nevertheless, VRE recovered in Q4 2021 from Q3 2021’s low base as revenue and NPAT-MI surged 74% QoQ and 402% QoQ, respectively. VRE continued to support tenants in Q4 2021 with a package of VND766bn (USD33.3mn), decreasing 17% QoQ compared to VND925bn (USD40.2mn) in Q3 2021. |
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