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KBC - Non-core financial gain salvages 9M earnings - Earnings Flash

KBC’s 9M 2017 revenue plunged by 35.5% to VND1 trillion (USD44.3 million). However, NPAT rose 4.3% to VND542.6 billion (USD23.8 million), driven by financial income of VND354.9 billion (USD15.6 million) from the sale of a stake in the Lotus Hotel project recorded in Q2 2017. KBC’s Q3 2017 revenue rose 16% YoY to VND526 billion (USD23.1 million) with NPAT-MI of VND129 billion (USD5.7 million, +0.8% YoY).