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CII - Financial gains drove robust H1 earnings as expected - Earnings Flash

CII’s consolidated H1 2017 NPAT-MI reached VND1.6 trillion (USD69 million), jumping from VND165 billion (USD7 million) in the same period last year. Although the increase was substantial, this H1 bottom line was predictable and mostly driven by non-cash financial gains on re-measurement to fair value of previously held investments in CII Bridges & Roads (LGC) and CII Engineering and Construction (CEE) when CII consolidated them from February and May 2017, respectively.