Vinfast Q3 Earnings Report: Losses Widen, 13.25T Dong Net Loss
VinFast Auto had a bit of a rough third quarter with a reported net loss of 13.25 trillion dong, despite delivering 21,912 vehicles during that time. The total revenue for the quarter was 12.33 trillion dong, with 11.25 trillion dong coming from vehicle sales. The company also noted a negative gross margin of -24% and operating losses of 8.12 trillion dong.
But it’s not all bad news for VinFast. Analysts at Smartkarma have taken a closer look at the company’s long-term prospects using their Smart Scores system. While VinFast scores moderately in Value and Growth, it has a lower score in Dividend. However, the company excels in Resilience and shows a decent score in Momentum, indicating a solid foundation for future growth.
VinFast Auto is a key player in the electric vehicle market, focusing on premium EVs, electric scooters, and buses. With a strong global presence, VinFast is well-positioned to take advantage of the increasing demand for sustainable mobility solutions. The company’s high Resilience score showcases its ability to adapt to challenges and market conditions, promising a positive long-term outlook for investors interested in the future of electric vehicles.
As always, it’s important to note that this article is based on historical data and analyst forecasts and should not be taken as financial advice. Remember to verify all information independently before making any financial decisions.
