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KBC - Further delays in booking land sales - Earnings Flash

KBC’s 2017 revenue fell 36.1% YoY to VND1.3 trillion (USD55.5 million) while NPAT-MI rose 4.9% YoY to VND585.5 billion (USD25.7 million), driven by financial income of VND354.9 billion (USD15.6 million) from the stake sale of the Lotus Hotel project. KBC’s Q4 2017 revenue was down 38.4% YoY to VND249.8 billion (USD11 million) while NPAT-MI increased 12.3% to VND41.9 billion (USD1.8 million).