Q1 2018 results: non-core divestment gains cushioned the bottom line DQC announced Q1 2018 results with revenue of VND223bn (USD9.8mn, +15% YoY) and NPAT-MI of VND33bn (USD1.5mn, +12% YoY). Key takeaways from Q1 2018 results were: Top line grew off a low Q1 2017 base when DQC’s operations were disrupted by a State investigation of the Chairman’s sister, while reported revenue in Q1 2017 was also affected by an early Lunar New Year. We believe that DQC is on track to reach our revenue forecast