Analyst Pin-board: PHR - Rubber faces many difficulties and high expectations on land transfers
Net sales in 1Q2020 reached VND 220.9 billion, down by 24.2% YoY. However, because gross profit margin (GPM) improved, so that gross profit reached VND 57.9 billion, only down by 19.5% YoY. In fact, GPM in 1Q2020 improved from 24.7% to 26.2% thanks to two main segments: rubber and industrial park. In detail, industrial park had a sharp increase in profit margin from 57.6% to 73.7%.
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