- In 10M-2021, TNG released 10M-2021 results with net revenue of VND 4,542 Bn (or USD 197 Mn, +27% YoY) and NPAT of VND 193 Bn (or USD 8 Mn, +32% YoY) due to the recovery in apparel demand in its main export markets (the US and the EU) and maintaining its operations to increase customers’ orders.
- Strong revenue growth in FY22 on the back of completed capacity expansion from 4Q2021 and Son Cam 1 Industrial Park expected revenue contribution of more than VND 1,000 Bn (or USD 43 Mn) in FY22.
- TNG pursues a fast growth strategy with continuously issuing convertible bonds. As a result, revenue grew strongly with a CAGR of 24% in the period 2016 - 2020, whereas debt increased sharply over the years and profitability was less effective than domestic competitors.
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