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GMD - Core ports segment ramping up - Earnings Flash

GMD reported Q1 2018 revenue of VND689bn (USD30.4mn, -19.9% YoY), and NPAT-MI of VND1.3tn (USD55.8mn, +1,223% YoY). The spike in earnings was mostly driven by a financial gain from GMD’s stake sell-down of its shipping and logistics segments.