Analyst Pin-board: VSC –Q4/2019 Business Results: Better Than Expected Thanks To Profit Margins Improvement
VSC announced unaudited business results for 2019. While net sales rose 6% YoY to reach VND 1,793 Bn, PBT declined 12% YoY to VND 342 Bn. However, VSC still managed to surpass its 2019 PBT plan by 12% on the back of robust Q4/2019 results. Accordingly, Q4/2019’s PBT growth rate turned positive, up 10% YoY, following three consecutive quarters in the negative zone thanks to profit margins expansion, significantly lower interest expenses and a record of other income.
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