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CII - Higher underlying profitability for Toll, Water and Services - Earnings Flash

CII’s H1 2018 revenue was up 61% YoY to VND1.6tn (USD69.6mn) while NPAT-MI dropped 98% YoY to VND35bn (USD1.5mn). The decline in NPAT-MI was due to a high base in H1 2017 as CII recorded non-cash financial gains of VND1.6tn (USD69.6mn) from a re-measurement to fair value of CII Bridges & Roads (LGC) and CII Engineering and Construction (CEE) upon their consolidation.