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VCSC Daily - Stocks drop as GAS extends slump - ACV, DQC, HPG

ACV: ACV announces partial 2016 results. Over the last nine months of 2016, ACV recorded total revenue of VND12.0 trillion (USD533 million) and NPAT-MI of VND2.7 trillion (USD120 million). Q4 2016, alone, accounted for 74% of the nine months’ earnings results, which was mainly due to USD73 million worth of FX gains from ACV’s yen debt revaluation. Since there is a lack of reliable data, it is impossible to obtain complete results for the full year 2016 and perform a comparison with last year.