Analyst Pin-board: GMD – Lackluster Q4/2019 Results
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GMD has announced unaudited 2019 business results with net sales of VND 2,641 Bn (-2% YoY) and EBT declined by 68% YoY to VND 705 Bn due to the recognition of a large amount of financial income in the last year. Although 2019 EBT missed our estimate by 12%, mainly due to weaker than expected Q4/2019 results, the company still achieved its PBT plan on the back of the strong growth in JVs’ gains. |
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