PVS – Brief – [NONRATED] – FX loss pressured earnings

3Q24 revenue grew to VND4.82tn (+15% yoy) thanks to the top-line growth from almost all segments. Company gross profit rose 85% yoy with gross margin expanded by 2.6%p, to 6.9%. However, FX loss surged to VND176bn (+212% yoy). NPAT-MI plummeted by 4% yoy (to VND135bn).