VinFast Auto First Quarter 2024 Earnings: ₫6,339 loss per share (vs ₫6,127 loss in 1Q 2023)

VinFast Auto (NASDAQ:VFS) First Quarter 2024 Results

Key Financial Results

• Revenue: ₫7.26t (up 269% from 1Q 2023).
• Net loss: ₫15t (loss widened by 5.2% from 1Q 2023).
• ₫6,339 loss per share (further deteriorated from ₫6,127 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

VinFast Auto Earnings Insights

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are down 31% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for VinFast Auto you should be aware of, and 3 of them are significant.

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