QTP – Earnings Review – [BUY] – Waiting for new cycle

In 3Q24, QTP recorded revenue of VND2,386bn (-5% yoy,). The main reason comes from the output’s QTP in 3Q24, which is reported to decrease slightly compared to the same period (-2% yoy). Notably, in 3Q24, gross profit and NPAT strongly increased to VND113bn (+81% yoy) and VND76bn (+554% yoy).