DHG - In-house product sales recover in Q2 2018 - Earnings Flash
DHG published its unaudited H1 2018 results, including net revenue of VND1.8tn (USD80mn, +3% YoY) and NPAT of VND312bn (USD14mn, -13% YoY). In-house product sales strengthened in Q2 2018, rising 13% vs Q2 2017 after sliding 4% in Q1 2018 vs Q1 2017. This could be partly attributed to the positive effect of DHG’s restructuring of its sales force starting from H2 2017. H1 2018 results are broadly in line with our expectation.