Research Center
Quay lại

PLX - Higher selling expense undercuts profit - Earnings Flash

PLX released H1 results with revenue growing 26.4% YoY, mainly due to an increase in oil prices, while NPAT declined 11.9% YoY on a higher selling expense attributed to more spending for brand-awareness and labor costs. These results account for 55.5% and 42.7% of our 2017 revenue and NPAT forecast, respectively. We are planning to lower our forecast despite the fact that sales volume is usually higher in H2 than in H1.