VRE - Recovery gains momentum in Q3 as COVID-19 is well contained - Earnings Flash
  • 2020-10-29T22:16:38
  • Company Research
VRE reported significant improvement in quarter-on-quarter (QoQ) results in Q3 2020 with net revenue of VND1.8tn (USD76.5mn) and NPAT-MI of VND572bn (USD24.9mn). On a QoQ basis, Q3 2020 net revenue grew 8% and NPAT-MI grew 67% as they were driven by a recovery in the retail leasing business as COVID-19 became well contained in Vietnam. On a YoY basis, Q3 2020 net revenue and NPAT-MI both fell 20%.