Research Center
Quay lại

TPB - Surge in expenses dampens otherwise stellar top line - Earnings Flash

TPB released results for 9M 2018 with a bottom line of VND1.3tn (USD56mn, +81.3% YoY), which equates to 74% of our full-year forecast and thus tracks slightly ahead of forecast. In particular, Q3 2018 achieved net earnings of VND471bn (USD20mn; +45% YoY, +53% QoQ). Q3 results were driven by: