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HT1 - Q2 volumes impressive despite lack of help from infrastructure - Earnings Flash

Q2 results were impressive with reported NPAT growth of 64.1% mainly thanks to FX gain. In Q2 2016, HT1’s revenue reached VND2.18 trillion (USD97.5 million), up 5.9% Y-o-Y and NPAT reached VND240 billion (USD10.7 million), up 64.1% Y-o-Y. Given H1 2016, HT1’s revenue and NPAT achieved 41.1% and 43.3%, respectively, of our previous FY forecast.