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DPM - Aggressive cost-cutting supports bottom line - Earnings Flash

Company Research

30 Jan 2019

DPM posted official 2018 results, with net revenue rising 16.3% YoY to VND9.3tn (USD399mn) and NPAT-MI edging up by 0.7% to VND700bn (USD30mn). Strong top-line growth was thanks to 1) the average urea price rising 11.4% YoY while urea sales volume was up 1% and 2) revenue contribution from the new combined NH3-NPK plant.

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