GMD’s 9M 2018 revenue declined 30% YoY to around VND2tn (USD87mn) while NPAT-MI jumped 4.4x YoY to VND1.7tn (USD73mn), mostly due to the sell-down and deconsolidation of its Shipping and Logistics business. In Q1 2018, GMD sold 50.9% of its stake in Gemadept Logistics and 49% of its stake in Gemadept Shipping, along with booking VND1.5tn (USD65mn) in financial gains from divestments.