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GAS - Heading for strong Q4 and brighter 2018-2019 - Earnings Flash

Company Research

23 Oct 2017

GAS released strong Q3 results. Revenue reached VND15.0 trillion (USD660 million, +9.4% YoY) and NPAT rose to VND1.9 trillion (USD84 million, +97.4% YoY). 9M revenue was VND47.4 trillion (USD2.1 billion, +9.0% YoY) while NPAT jumped to VND5.9 trillion (USD260 million, +47.4% YoY) as gas prices recovered more strongly than crude oil prices. This profit accounts for 73.4% of our 2017 forecast. We are planning to raise our profit forecast given the recent government’s request for EVN to prioritize

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