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AST - New airport retail stores deliver earnings growth - Earnings Flash

AST’s 9M 2018 revenue, reported NPAT and recurring NPAT grew by 33.8% YoY, 8.3% YoY and 26.5% YoY, respectively. The solid performance was mainly driven by more than 10 new store openings and 12.7% YoY growth in air passenger traffic in Vietnam over 9M 2018 per Civil Aviation Authority of Vietnam (CAAV), which underpinned same store sales growth (SSSG). Reported NPAT growth was affected by a one-off financial gain related to a land transfer in Q1 2017.