09
June
NT2 – AGM Brief – Stays resilient amid headwinds
The management sets conservative guidance when it targets the output of 4.34bn kWh (+35% yoy), revenue of VND8,129bn (+32% yoy), and PAT of VND468bn (-12% yoy). NT2 is going to pay a 15% cash dividend at par for 2022F. In 1Q22, NT2 recorded a splendid result with a VND2,006bn (+22% yoy) and a VND159.6bn (+38.9% yoy), fulfilling 25%/34% annual guidance. 2Q22’s net profit is predicted to exceed 20% of quarterly plan. NT2 expects to enjoy better results in 2022F and a spectacular result since 2024F when its assets reach full depreciation.