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Mobile World Investment Corp. Q1 profit climbs 40.6% YOY

Mobile World Investment Corp. said its normalized net income for the first quarter was 665.02 dong per share, a gain of 40.0% from 475.08 dong per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 186.05 billion dong, a gain of 40.6% from 132.29 billion dong in the year-earlier period.

The normalized profit margin declined to 3.4% from 3.8% in the year-earlier period.

Total revenue grew 57.5% year over year to 5.496 trillion dong from 3.490 trillion dong, and total operating expenses climbed 58.6% year over year to 5.203 trillion dong from 3.280 trillion dong.

Reported net income rose 39.4% on an annual basis to 231.51 billion dong, or 827.50 dong per share, from 166.07 billion dong, or 596.40 dong per share.

As of May 13, US$1 was equivalent to 21,740 dong.