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PGV - Unexpected gas shortage impacts H1 earnings - Earnings Flash

PGV released its official H1 results in which revenue grew by 2.7% YoY, reported NPAT grew by 42.0% YoY and core NPAT declined -21.0% YoY. Core earnings were lower as a better performance by the Vinh Tan coal-fired power plant (VTPP/1,200 MW) failed to offset a lower contribution from Phu My gas-fired power plants (PMPP/ 2,560 MW).