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GAS - Strong 2017 results meet expectation and 2018 outlook improves - Earnings Flash

Revenue hit VND64.5 trillion (USD2.8 billion, +9.3% YoY) while reported NPAT jumped to VND9.7 trillion (USD426 million, +37.7% YoY) as fuel oil and LPG prices soared by 41.1% and 42.8% YoY, respectively, despite a decline in dry gas volume of 7.6%. 2017 profits reached 95.3% of our 2017 forecast.