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VIC - Higher margin handovers fuel earnings growth - Earnings Flash

VIC posted robust 2017 results with net revenue of VND90.3 trillion (USD4 billion, up 57% YoY) and NPAT-MI of VND4.3 trillion (USD186 million, up 74% YoY). These results were driven by strong residential sale with higher-margin handovers, which offset retail and hospitality headwinds.