27
October
VGC-Earnings Review-[NONRATED]- Regaining growth momentum
In 3Q23, VGC recorded revenue of VND3.5tn (-11.7% qoq, +22.4% yoy) and a NPAT of VND433.6.6bn (-47.3% qoq, +168.2% yoy) The company process a blended gross margin of 30.8%, a noticeable improvement compares to 3Q22 25.5%. As of 9M23, the company earned an accumulated VND10.2tn in revenue and VND1.2tn in NPAT, fulfilling 64%/100% of their annual guidance.