On a TTM 2026Q1 basis, L14 is in an offsetting state — revenue softened slightly but margins improved — earnings have been recovering gradually over multiple periods. More notably, profit is significantly supported by non-core sources and operating cash flow is not yet positive — the earnings quality picture needs close monitoring.
Revenue TTM
VND 91bn
−37.4%
Net Margin
16.62%
+1.8pp year on year
ROE
3.4%
TTM