Earnings Report /
Vietnam

Mobile World: 4M 21 results – Last year’s low base supports growth

  • 4M 2021 net sales reached VND40.4tn (US$1.7bn, +9% yoy) while NPAT jumped to VND1.7tn (US$72.9mn, +26% yoy)

  • TGDD & DMX accumulated revenue of cVND32.4tn (US$1.4bn), increasing 4% yoy mainly on the back of a low comparative base

  • Upside potential from BHX’s labour productivity enhancement initiative will be a catalyst; Buy

Tung Do
Tung Do

Logistics, Aviation

Rong Viet
1 June 2021
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