KBC - One-off Lotus sale rescued H1 earnings - Earnings Flash

Company Research

31 Jul 2017

H1 2017 NPAT-MI edged higher by 5.5% to VND413.7 billion (US18.1 million) vs H1 2016, mainly due to a financial gain from the one-off sale of the Lotus project in Q2, as expected. We will likely maintain our MARKET PERFORM (M-PF) rating for KBC and expect the firm in H2 2017 to book some major contracts which were delayed in Q2.
Tags: KBC

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