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KDH - Healthy 9M 2017 growth amid slimmer-margin handovers - Earnings Flash

Continued low-rise deliveries across key projects and Q1 gains from selling stakes in its associates underpinned 38% Y-o-Y growth of 9M 2017 NPAT-MI to reach VND374 billion (USD16.4 million). This result was broadly in line with our full-year forecast and we do not expect any significant change in our next update report.